Excel FV function
Calculates how much you will have at the end by paying in the same amount each period at a fixed return. In Spanish Excel it is called VF.
Syntax
English Excel
=FV(rate, nper, pmt, [pv], [type])
Spanish Excel (Mexico)
=VF(tasa, núm_per, pago, [va], [tipo])
Spanish Excel (Spain, Latin America)
=VF(tasa; núm_per; pago; [va]; [tipo])
| Argument | What it is |
|---|---|
| rate | The rate per period. |
| nper | The number of periods. |
| pmt | What you pay in each period (negative). |
| pvoptional | What you already have at the start. |
| typeoptional | 0: payment at the end; 1: at the start. |
Example
FV(rate, periods, payment) calculates how much you will have by paying in the same amount each period with interest. As with PMT, use monthly rate and periods, and a negative payment.
=FV(B2/12,B3*12,-B1)
Common mistake
Make the payment negative so the result comes out positive.
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Practice FV
Type the formula in the sheet and check it instantly. Spanish or English function names both work. See all lessons
Savings with FV
FV(rate, periods, payment) calculates how much you will have by paying in the same amount each period with interest. As with PMT, use monthly rate and periods, and a negative payment.
In B5, calculate how much you will have saved at the end.
| A | B | C | |
|---|---|---|---|
| 1 | Monthly saving | 2,000 | |
| 2 | Annual return | 9% | |
| 3 | Years | 5 | |
| 4 | |||
| 5 | Final total | ||
| 6 |
Tip: while typing, click a cell or drag across several to insert their reference.
Frequently asked questions
- What is FV called in Spanish?
- In Spanish Excel it is VF. The formula =FV(B2/12,B3*12,-B1) is written =VF(B2/12;B3*12;-B1) (or with commas in Mexico).
- Why does FV use semicolons in some Excel versions?
- It depends on regional settings. Where the comma is the decimal mark (Spain, much of South America), Excel separates arguments with semicolons. English Excel and Mexican Spanish Excel use commas.
- What is the most common FV mistake?
- Make the payment negative so the result comes out positive.