Explanation
TheFV functionis a financial function that returns the future value of an investment.
An annuity is a series of equal cash flows, spaced equally in time.
Note payment is entered as a negative number, so the result is positive.
TheFV functionis a financial function that returns the future value of an investment.
An annuity is a series of equal cash flows, spaced equally in time.
Note payment is entered as a negative number, so the result is positive.