PV# Function
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PV# (rate#, nper#, pmt#, fv#, type%, status%)
■ rate# The interest rate per period (for example, .12).
■ nper# The number of payment periods in the annuity.
■ pmt# The payment to be made each period.
■ fv# The future value.
■ type% An integer expression: 0 = end-of-period payment;
1 = beginning-of-period payment.
■ status% A variable that returns a value indicating calculation
failure or success: 0 = success; 1 = failure.
Returns
The present value, or lump sum amount that a series of payments to
be paid in the future is worth now.
See Also ◄IPmt#► ◄PPmt#►