Present Value Function

[NuttyMoose]

In FM7 there is this equation: PV ( payment ; interestRate ; periods )

Does anyone know where I can get other PV functions... This one does not seem to have a varable that I need to get my answer. What I need is a Future Value (FV) in this equation. I know there is a FV built in FM7 but that returns a wrong value...I need Present Value...

Can anyone shed some light on this?

[-Queue-]

PV = FV / (1 + interestRate)^periods

[NuttyMoose]

I do not mean to be stupid but every time I plug this in:

PV = 200000 / (1 +.11)^5...FM7 says it does not reconize the PV symbol?

FV = 200,000

Interest rate = 11%

Periods= 5 years

What I need calc. is Present Value

?

Thanks

Brahim

[-Queue-]

That's the formula for present value, so Set Field [pv, 200000/(1 + .11)^5], for example, using whatever fieldname you're using for PV.

[NuttyMoose]

I am in FM7...Now I understand what you are doing.. bu in FM7 under the calc field there is no set field...what would it be in FM7?

[-Queue-]

If you are defining it as a field calculation than just use 200000/(1 + .11)^5. If you are setting it via script, then you would use Set Field.

[NuttyMoose]

GREAT that work...Thanks for the help...

Brahim