Please enable JavaScript to view this site.

R:BASE 11 Help

Navigation: Function Index > F

FV2

Scroll Prev Top Next More

(FV2(pv,int,per))

 

Returns the future value of an amount, pv, invested at a periodic interest rate, int, for compounding periods, per.

 

In the following example, FV2 returns your ending balance for a savings account where you have deposited $1,800 with an annual interest rate of 5.5% compounded monthly (simple interest divided by compounding periods) for seven years (12 periods times seven years). The value of vfv2 (the balance) is $2,642.98.

 

SET VAR vfv2 = (FV2(1800,(.055/12),(7 *12)))