NuttyMoose Posted June 11, 2004 Share Posted June 11, 2004 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? Link to comment Share on other sites More sharing options...
-Queue- Posted June 11, 2004 Share Posted June 11, 2004 PV = FV / (1 + interestRate)^periods Link to comment Share on other sites More sharing options...
NuttyMoose Posted June 11, 2004 Author Share Posted June 11, 2004 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 Link to comment Share on other sites More sharing options...
-Queue- Posted June 11, 2004 Share Posted June 11, 2004 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. Link to comment Share on other sites More sharing options...
NuttyMoose Posted June 11, 2004 Author Share Posted June 11, 2004 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? Link to comment Share on other sites More sharing options...
-Queue- Posted June 11, 2004 Share Posted June 11, 2004 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. Link to comment Share on other sites More sharing options...
NuttyMoose Posted June 11, 2004 Author Share Posted June 11, 2004 GREAT that work...Thanks for the help... Brahim Link to comment Share on other sites More sharing options...
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