Excel formula please =FV(, , , , )
Solution:
Excel formula for future value: =FV(rate,nper,pmt,PV,type)
Where:
rate = Rate of interest
Nper = Nos of periods
PMT = Payment per period
PV = Single payment
Type = 0 - End of period, 1 - Beginning of period
What is the FV formula used in excel ? also explain the formula as well .
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Never use excel, use formula, please
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