Functions Reference

Financial functions
F
ILEMAKER PRO FUNCTIONS REFERENCE 92
PV
Purpose
Returns the present value (PV) of a series of equal payments made at regular intervals, assuming a
fixed interest rate per interval.
Format
PV(payment;interestRate;periods)
Parameters
payment - payment amount to be made per period. Type a negative number for money you pay and
a positive number for money you receive.
interestRate - interest rate per period.
periods - number of periods (intervals between payments).
Data type returned
number
Originated in
FileMaker Pro 6.0 or earlier
Description
Use this function to calculate PV.
PV payment *
1 1 interestRate+()–
periods–
interestRate
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=
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 21
64.73833531....
If you want the return value to return two decimal places, enclos
e the formula with the correct Round
function: Round(Current Formula;2).