{{tag>Function Function_List Financial}}
====== PV ====== 
===== Description =====  
Calculates present value of an investment. The present value is the total amount that a series of future payments is worth now
===== Syntax =====

''PV (rate, nper, payment[, future][, type])''

Cannot be used in the condition of a [[:ref:a_f:a:find|FIND]] action.

===== Parameters =====  
  - Rate – interest rate per period (in percents, 50% is 0.5).
  - Nper – total number of payment periods in an annuity
  - Payment – payment made each period
  - Future value (optional) – future value or the cash balance you want to attain after the last payment is made. If omitted assumed to be 0
  - Type (optional) – indicates when payments are due. 0 or omitted – at the end of the period; 1 – at the start of the period
===== Returns =====

**Number**: the present value of an investment (what a series of future payments is worth now).

===== Example =====  
<code aim>PV (0.08, 12 * 20, 500, 0, 0) </code>

===== Related =====

[[ref:a_f:f:af:fv|FV]], [[ref:a_f:f:af:pmt|PMT]], [[ref:a_f:f:af:nper|NPER]]