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<?xml version="1.0" encoding="UTF-8"?>
<helpdocument version="1.0">
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<meta>
<topic id="textsbasicshared03140009xml" indexer="include" status="PUBLISH">
<title id="tit" xml-lang="en-US">PV Function [VBA]</title>
<filename>/text/sbasic/shared/03140009.xhp</filename>
</topic>
</meta>
<body>
<section id="pv">
<bookmark xml-lang="en-US" branch="index" id="bm_id3150499">
<bookmark_value>PV function</bookmark_value>
</bookmark>
<h1 id="hd_id3150499"><link href="text/sbasic/shared/03140009.xhp">PV Function [VBA]</link></h1>
<paragraph id="par_id3151384" role="paragraph" xml-lang="en-US">Returns the Present Value of an investment resulting from a series of regular payments.</paragraph>
</section>
<embed href="text/sbasic/shared/00000003.xhp#vbasupport"/>
<embed href="text/sbasic/shared/00000003.xhp#functsyntax"/>
<bascode>
<paragraph id="par_id3143267" role="bascode" localize="false" xml-lang="en-US">Pmt( Rate as Double, NPer as Double, Pmt as Double, [FV as Variant], [Due as Variant] )</paragraph>
</bascode>
<embed href="text/sbasic/shared/00000003.xhp#functvalue"/>
<paragraph id="par_id3150669" role="paragraph" localize="false" xml-lang="en-US">Double</paragraph>
<embed href="text/sbasic/shared/00000003.xhp#functparameters"/>
<paragraph id="par_id06142017042024114" role="paragraph" xml-lang="en-US"><emph>Rate</emph> is the periodic interest rate.</paragraph>
<paragraph id="par_id061420170420248911" role="paragraph" xml-lang="en-US"><emph>NPer</emph> is the total number of periods, during which annuity is paid.</paragraph>
<paragraph id="par_id061420170420246794" role="paragraph" xml-lang="en-US"><emph>Pmt</emph> is the regular payment made per period.</paragraph>
<paragraph id="par_id061620170603217534" role="paragraph" xml-lang="en-US"><emph>FV</emph> (optional) is the future value of the loan / investment.</paragraph>
<paragraph id="par_id061420170420241932" role="paragraph" xml-lang="en-US"><emph>Due</emph> (optional) defines whether the payment is due at the beginning or the end of a period.</paragraph>
<paragraph id="par_id0614201704292615" role="paragraph" xml-lang="en-US">0 - the payment is due at the end of the period;</paragraph>
<paragraph id="par_id061420170429263061" role="paragraph" xml-lang="en-US">1 - the payment is due at the beginning of the period.</paragraph>
<embed href="text/sbasic/shared/00000003.xhp#errorcode"/>
<embed href="text/sbasic/shared/00000003.xhp#err5"/>
<embed href="text/sbasic/shared/00000003.xhp#functexample"/>
<bascode>
<paragraph id="par_id240720170007448066" role="bascode" localize="false" xml-lang="en-US">REM ***** BASIC *****</paragraph>
<paragraph id="par_id240720170007447441" role="bascode" localize="false" xml-lang="en-US">Option VBASupport 1</paragraph>
<paragraph id="par_id240720170007445069" role="bascode" localize="false" xml-lang="en-US">Sub ExamplePV</paragraph>
<paragraph id="par_id240720170007446775" role="bascode" xml-lang="en-US">' Calculate the present value of an annuity that pays $1,000 per month over 6 years.</paragraph>
<paragraph id="par_id240720170007459899" role="bascode" xml-lang="en-US">' Interest is 10% per year and each payment is made at the end of the month.</paragraph>
<paragraph id="par_id240720170007458577" role="bascode" localize="false" xml-lang="en-US">Dim pv1 As Double</paragraph>
<paragraph id="par_id240720170007455498" role="bascode" localize="false" xml-lang="en-US">pv1 = PV( 0.1/12, 72, -1000 )</paragraph>
<paragraph id="par_id240720170007455988" role="bascode" xml-lang="en-US">print pv1 ' pv1 is calculated to be 53978,6654781073.</paragraph>
<paragraph id="par_id240720170007456432" role="bascode" localize="false" xml-lang="en-US">End Sub</paragraph>
</bascode>
<section id="relatedtopics">
<paragraph id="par_id061420170153186192" role="paragraph" xml-lang="en-US"><link href="text/scalc/01/04060103.xhp#bm_id3147556">PV function in CALC</link></paragraph>
<embed href="text/sbasic/shared/00000003.xhp#VBA-Financial"/>
</section>
</body>
</helpdocument>
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