1. Syntax PV(rate,nper,pmt,fv,type)
Data Description
-500 Money paid out of an insurance annuity at the end of every month
8% Interest rate earned on the money paid out
20 Years the money will be paid out
PV Rs. 59,777.15
2. Syntax FV(rate,nper,pmt,pv,type)
Data Description
8% Annual interest rate
20 Number of payments (YEARS)
-200 Amount of the MONTHLY payment
-500 Present value
1 Payment is due at the beginning of the period (see above)
FV Rs. 121,052.85
12% Annual interest rate
12 Number of monthly payments
1000 Amount of the payment
0 Payment is due at the end of the period (see above)
FV Rs. -12,682.50
3. Syntax RATE(nper,pmt,pv,fv,type,guess)
Data Description
4 Years of the loan
-200 Monthly payment
8000 Amount of the loan
RATE 9.2418%
20000 Annual interest rate
35 Number of payments
-2000 Amount of the payment
1 Payment is due at the beginning of the year
RATE 10.76779%
4. Syntax NPER(rate, pmt, pv, fv, type)
Data Description
12% Annual interest rate
-100 Payment made each month
-1000 Present value
10000 Future value
1 Payment is due at the beginning of the period
NPER 59.7
NPER 60.1
NPER 69.7
5. Syntax PMT(rate,nper,pv,fv,type)
Data Description
8% Annual interest rate
10 Number of months of payments
10000 Amount of loan
PMT Rs. -1,037.03
PMT Rs. -1,030.16