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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#►