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CV ( Principal ; Rate ; Frequency ; BegDate ; EndDate )

Current Value of an Investement based on compounded interest

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Timothy Brown - Show more from this author Antidote Solutions http://www.antidotesolutions.com

  Function definition: (Copy & paste into FileMaker's Edit Custom Function window)

/* Create by Tim Brown at Antidote Solutions www.antidotesolutions.com Return the current value of an investment based on period time with a constant interest rate Frequency is how often the interest is compounded = Daily, Monthly, Quarterly or Annually */ Round( Principal*(1+Rate/ Case( Frequency = "Daily"; 365; Frequency = "Monthly"; 12; Frequency = "Quarterly"; 4; Frequency = "Annually"; 1 ) ) ^((EndDate - BegDate) / Case( Frequency = "Daily"; 1; Frequency = "Monthly"; 30; Frequency = "Quarterly"; 90; Frequency = "Annually"; 365 ) ) ; 2) Click to copy

You can change the frequency of compounding to all greater flexiability of the calculation.

 

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