@travishorn/financejs
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    Function fv

    • Calculates the future value of an investment based on a constant interest rate. You can use FV with either periodic, constant payments, or a single lump sum payment.

      Remarks:

      • Be consistent with units for rate and nper. For example, for monthly payments on a four-year loan at 12% annual interest, use 12%/12 for rate and 4*12 for nper. For annual payments, use 12% for rate and 4 for nper.
      • Cash paid out (for example, deposits to savings) is represented by negative numbers; cash received is represented by positive numbers.

      Parameters

      • rate: number

        The interest rate per period.

      • nper: number

        The total number of payment periods in an annuity.

      • Optionalpmt: number = 0

        The payment made each period; it cannot change over the life of the annuity. Typically, pmt contains principal and interest but no other fees or taxes. If pmt is omitted, you must include the pv argument.

      • Optionalpv: number = 0

        The present value, or the lump-sum amount that a series of future payments is worth right now. If pv is omitted, it is assumed to be 0 (zero), and you must include the pmt argument.

      • Optionaltype: 0 | 1 = 0

        The number 0 or 1 and indicates when payments are due. If type is omitted, it is assumed to be 0. Set type equal to 0 if payments are due at the end of the period. Set type equal to 1 if payments are due at the beginning of the period.

      Returns number

      The future value.

      fv(0.06 / 12, 10, -200, -500, 1); // 2581.40

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