Filemaker Pro 8.5 Advanced Maintenance TG761Z/A User Manual

Product codes
TG761Z/A
Page of 238
60     FileMaker Functions Reference
FV
Format
FV(payment;interestRate;periods)
Parameters
payment - payment to be made per period
interestRate - interest rate per period
periods - number of periods
Data type returned
number
Description
Returns the future value of an initial investment, based on a constant interestRate and 
payment amount for the number of periods in months. For example, you can calculate 
how much you’ll earn on an investment in which you pay $50 a month for 60 months at a 
6 percent annual interest rate.
Notes
When interestRate is 0, this function returns the result of payment * periods.
The FV function doesn’t account for the present value of your investment, and it 
assumes that payment is made at the end of each period.
Examples
FV(50;.11/12;5 * 12) returns 
3975.90398429...
.
FV(2000;.12;30) + 5000 * (.12 + 1) ^ 30 returns 
632464.97928640...
.
FV(500;.11/5;60) returns 
61141.65130790...
.
To set the decimal precision of the returned value, enclose the current formulas with the 
Round function. For example, Round(Current Formula;2).
NPV
Format
NPV(payment;interestRate)
Parameters
payment - a 
 containing unequal payment amounts, or an 
returns a reference to one.
FV
payment * 
1 interestRate
+
(
)
periods
1
interestRate
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