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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.

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Presentation on theme: "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."— Presentation transcript:

1 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

2 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

3 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!

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