Read the formula and variables
N equal payments occur at times 1 through N and the value is at time N.
| Input | Meaning |
|---|---|
| C | Equal payment |
| r | Rate per payment period |
| N | Payment count and final value date |
Check a stated example
Five end-period payments of 1,000 at 6% have time-5 FV approximately 5,637.093.
The amounts in the example are synthetic. Keep the original precision through the calculation and round only the displayed result.
Check the domain and timing
The final payment receives no growth period before time N. At zero rate, FV is NC.
A changed date, payment pattern or quotation convention can require a different expression even when the numbers look similar. Identify those features before calculating.