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PV function

Returns the present value of an investment

Syntax

PV(rate, nper, pmt, [fv], [type])

Square brackets indicate optional arguments.

Arguments

ArgumentRequiredMeaning
rateYesThe interest rate per period.2%
nperYesThe total number of payment periods in an annuity.12
pmtYesThe payment made each period; it cannot change over the life of the annuity.100
fvNoThe future value, or a cash balance you want to attain after the last payment is made.0
typeNoThe number 0 or 1 and indicates when payments are due.0

Try PV

Discount a future amount to present value

=PV(0.05,2,0,-1102.5)

Discount a future amount to present value. The result is checked against a separately authored expected value for the supplied table. You can edit the data to explore the rule.

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Explore the written function calls and their inputs. The calculation result belongs to the complete formula.

PV · top-level call

=PV(0.05,2,0,-1102.5)

1 / 4 · rate

The interest rate per period.

PV reference ↗

Follow the cells behind a result

Read explicit local references and helper formulas using a separate calculation. Your draft stays in this field; the worksheet and practice checks do not change.

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Reference and compatibility

Univer 1.0.4 / Apache-2.0. Calculation checks cover the supplied examples only. The browser worksheet does not implement every Excel feature, external service or connected data type.