This function returns the present value of an investment.
PV(rate, nper, pmt [ ,fv [ , type ] ])
Return data type: numeric. By default, the result will be formatted as currency..
The present value is the total amount that a series of future payments is worth right now. For example, when borrowing money, the loan amount is the present value to the lender.
Arguments:
| Argument | Description |
|---|---|
| rate | The interest rate per period. |
| nper | The total number of payment periods in an annuity. |
|
pmt |
The payment made each period. It cannot change over the life of the annuity. A payment is stated as a negative number, for example, -20. |
|
fv |
The future value, or cash balance, you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0. |
|
type |
Should be 0 if payments are due at the end of the period and 1 if payments are due at the beginning of the period. If type is omitted, it is assumed to be 0. |