Returns the present value (PV) of a series of equal payments made at regular intervals, assuming a fixed interest rate per interval.
PV ( payment ; interestRate ; periods )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).
number
FileMaker Pro 6.0 or earlier
Use this function to calculate PV.
•When interestRate is 0, this function returns the result of payment * periods.
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....