Siebel VB Language Reference > VB Language Reference >
FV Function
This standard VB function returns the future value for a constant periodic stream of cash flows as in an annuity or a loan. Syntax
FV(rate, nper, pmt, pv, due)


rate 
The interest rate per period 
nper 
The total number of payment periods 
pmt 
The constant periodic payment per period 
pv 
The present value or the initial lump sum amount paid (as in the case of an annuity) or received (as in the case of a loan) 
due 
An integer value indicating when the payments are due (0 = end of each period, 1 = beginning of the period) 
Returns
A number representing the future value of an investment such as an annuity or loan. Usage
The given interest rate is assumed constant over the life of the annuity. If payments are on a monthly schedule and the annual percentage rate on the annuity or loan is 9%, the rate is 0.0075 (.0075 = .09/12). Example
This example finds the future value of an annuity, based on terms specified by the user. Sub Button_Click Dim aprate, periods Dim payment, annuitypv Dim due, futurevalue Dim msgtext annuitypv = 100000 aprate = 6.75 If aprate >1 then aprate = aprate/100 End If periods = 60 payment = 10000 ' Assume payments are made at end of month due = 0 futurevalue = FV(aprate/12,periods,payment,annuitypv,due) msgtext = "The future value is: " & Format(futurevalue, "Currency") End Sub
See Also
IPmt Function IRR Function NPV Function Pmt Function PPmt Function PV Function Rate Function
