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FILEMAKER PRO HELP 726

Description

Use this function to calculate PV.

Note When interestRate is 0, this function returns the result of payment * periods.

Examples

Your cousin borrowed $2,000 from you, offering to pay you back $500 a year for five years, for a

total of $2,500 at the end of five years. If inflation was 5 percent annually, with the following entry

you could find out what those payments are worth with the

PV function.

PV(500;.05;5) returns 2164.73833531....

If you want the return value to return two decimal places, enclose the formula with the correct Round

function: Round(Current Formula;2).