Do I use the FV function in Excel correctly?

Posted by John on Super User See other posts from Super User or by John
Published on 2010-06-10T17:30:32Z Indexed on 2010/06/10 17:43 UTC
Read the original article Hit count: 226

Filed under:

excel

|

excel-2010

My task: Create a table:

Calculate what the revenues of e-trading will be after five years at 15 percent interest rate if we now have 15 000 EUR. Use the FV function from the Financial Group in Excel.

My resolution: =FV( 15%; 5; 0; -15000).

My question: Is it correct?

I know the task lacks information whether the interest rate is per month or per year. I calculate it as 'per year'. My question is orientated more on the usage of the FV function. I, for example, do not understand why '-15000' and not '15000'. Also why the third parameter has to be 0? Maybe I do it wrong.

Please help me solve it! Thanks in advance.

© Super User or respective owner

Related posts about excel

Excel error "This workbook contains Excel 4.0 macros or Excel 5.0 modules"

as seen on Super User - Search for 'Super User'
I have a workbook that was protected via the Protect Workbook feature. It was sent to someone else to modify. When they sent it back, it was unprotected and when I try to reprotect it I get this error, "This workbook contains Excel 4.0 macros or Excel 5.0 modules. If you would like to… >>> More
Open excel 2007 excel files and save as 97-2003 formats in VBA

as seen on Stack Overflow - Search for 'Stack Overflow'
I have a weird situation where I have a set of excel files, all having the extension .xls., in a directory where I can open all of them just fine in Excel 2007. The odd thing is that I cannot open them in Excel 2003, on the same machine, without opening the file first in 2007 and going and saving… >>> More
Creating Excel or Excel compatible Spreadsheets on the server side in C#

as seen on Stack Overflow - Search for 'Stack Overflow'
I'd like to make server-side excel compatible spreadsheets that maybe use OpenXML or a structured data format. I've used Office Interop before to generate Excel spreadsheets, but those apps run on a PC that has office installed. For this web project I'm building, the server doesn't have office installed… >>> More
vba access values from excel workbook from another excel workbook

as seen on Stack Overflow - Search for 'Stack Overflow'
Any ideas why this code will not work? Workbooks.Open Filename:="C:\a.xls" Workbooks("a.xls").Activate Worksheets("b").Select Dim OutputArray(10, 10) OutputArray(1, 1) = Workbooks("c.xls").Worksheets("worksheet_otherthan_default").Select.Range(A1).Value I'm trying to run a macro in one file (unnamed… >>> More
Excel workbook event order and usage when closing Excel

as seen on Stack Overflow - Search for 'Stack Overflow'
Given the following workbook events: BeforeClose BeforeSave Please tell me: - The firing order in the case of multiple workbooks alreay opened (wb1, wb2 and wb3 are opened in this order) and the user closes Excel. You can assume all 3 needs saving. - What happen if user cancels one of the saving… >>> More

Related posts about excel-2010

Sum and chart in excel

as seen on Super User - Search for 'Super User'
I have data like the following: Both Hour and Count are columns in an excel file. Hour Count 17 79 18 122 19 123 20 142 21 150 22 78 23 15 13 33 14 33 15 40 16 33 17 56 18 46 19 35 20 67 21 65 22 45 23 36 What I want is to create a chart that shows over… >>> More
Offset the tickmarks of a secondary axis

as seen on Super User - Search for 'Super User'
I would like to offset the tickmarks of a secondary axis in excel WITHOUT changing the minimum. Here is a very complicated VBA class that apparently solves the issue but I would like a solution that doesn't require me to construct my entire chart in VBA. Here is an example of what I mean (I removed… >>> More
Find a non-case-sensitive text string within a range of cells

as seen on Super User - Search for 'Super User'
I've got a bit of a problem to solve in Excel, and I'm not quite sure how to go about doing it. I've done a few searches online, and haven't really found any formulas that seem to be useful. Here's the situation (simplified just a bit, for the purpose of this question): I have data in columns A-E… >>> More
Keyboard shortcut in excel for expanding the pivot table row?

as seen on Super User - Search for 'Super User'
I'm able to expand/collapse the row in the pivot table with mouse by: right clicking on cell in the first column of the row + selecting "Expand/Collapse"/"Expand" from context menu. or double clicking on the cell in the first column of the row Is there a keybord shortcut for same action? I'm using… >>> More
How can I split Excel data from one row into multiple rows

as seen on Super User - Search for 'Super User'
Good afternoon, Is there a way to split data from one row and store to separate rows? I have a large file that contains scheduling information and I'm trying to develop a list that comprises each combination of course, day, term and period per line. For example I have a file similiar to this: Crs:Sn… >>> More