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PV

 

Purpose 

Returns the present value (PV) of a series of equal payments made at regular intervals, assuming a fixed interest rate per interval.

Format 

PV(payment;interestRate;periods)

Parameters 

payment - payment amount to be made per period. Type a negative number for money you pay and a positive number for money you receive.

interestRate - interest rate per period.

periods - number of periods (intervals between payments).

Data type returned 

number

Originated in 

FileMaker Pro 6.0 or earlier

Description 

Use this function to calculate PV.

Note  When interestRate is 0, this function returns the result of payment * periods.

Examples 

Your cousin borrowed $2,000 from you, offering to pay you back $500 a year for five years, for a total of $2,500 at the end of five years. If inflation was 5 percent annually, with the following entry you could find out what those payments are worth with the PV function.

PV(500;.05;5) returns 2164.73833531....

If you want the return value to return two decimal places, enclose the formula with the correct Round function: Round(Current Formula;2).

Related topics 

Functions reference (category list)

Functions reference (alphabetical list)

About formulas

About functions

Defining calculation fields

Using operators in formulas