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Webinar: Financial Functions – FV Function With each payment made on a loan, a proportion of that goes to interest. How much does? Use the IPMT function to see how much of your payment is actually going to interest

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The FV (future value) function returns the value of an investment based on periodic, constant payments and a constant interest rate. FV Function – Total Future Value Syntax:FV(rate, nper, pmt, [fv], [type]) Rate Is the interest rate for the loan Nper Is the total number of payments for the loan PMT Is the payment made each period; cannot change at all. Generally does not include fees or other taxes but does cover the principle and total interest. Fv Is the future value, or a cash balance, you want to attain after the last payment is made. If omitted, it is set to 0. Type Is the number 0 (zero) or 1 and indicates when payments are due i.e. 0 = end of the month, 1 = beginning of the month

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Managing Worksheets & Formulae Workshop 1 Managing Data lists & Macros Workshop 2 Pivot Tables & Pivot Charts Workshop 3 Work smarter, everyday! Excel on Steroids is a specialised training programme focusing on key Excel functionality for business reporting and decision-making! www.alchemex.com

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You can also find our knowledgebase, free trial software download and customer references, and sign up for free Tips & Tricks e-newsletters at www.alchemex.com.www.alchemex.com ALCHEMEX Contact Information Websitewww.alchemex.com Salessales@alchemex.com Supportsupport@alchemex.com BI Communityhttp://alchemex.ning.com Online Training Academywww.alchemexacademy.com

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If you have found this Webinar useful, see our Webinar Schedule at www.alchemex.com and register for more.www.alchemex.com Thank you for your time and have a great day!

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