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PVofFV ( FutureVal , Interest , Term )

Present Value of a Future Value

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Barry Maskell Real Estate Navigator http://www.realestatenavigator.com.au

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

/* Used to calculate the Present Value of a single future value - eg how much in todays money is a future amount given a certain rate of interest (the discount rate) The FMPro version only calculates the PV of a future income stream hence the need for this function Use PVofFV ( FutureVal , Interest , Term ) Interest of 10% must be entered as 0.10 */ Let ( [ FV = GetAsNumber ( FutureVal ); INT = GetAsNumber ( Interest ); NPER = GetAsNumber ( Term ) ]; FV / ( ( 1 + INT ) ^ NPER ) ) // end of code Click to copy

Used to calculate the Present Value of a single future value - eg how much in todays money is a future amount given a certain rate of interest (the discount rate)

The FMPro version only calculates the PV of a future income stream hence the need for this function

 

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