interest calculator - NPV

B

brinded

I'd like to know which function to use for a simple savings account.

rate is 5%
nper is 25 years
pmt is fixed $2,000 per annum

I would like to have a column with current value for each year, 25
cells.

NPV doesn't look right. Any thoughts?
 
J

JE McGimpsey

brinded said:
I'd like to know which function to use for a simple savings account.

rate is 5%
nper is 25 years
pmt is fixed $2,000 per annum

I would like to have a column with current value for each year, 25
cells.

NPV doesn't look right. Any thoughts?

Use FV()

For instance:

A B
1 =FV(5%,A1,-2000,-2000,0)

Copy B1 down to B25.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top