- Function File: fv (r, n, p, l, method)
Return the future value at the end of period n of an investment which consists of n payments of p in each period, assuming an interest rate r.
The optional argument l may be used to specify an additional lump-sum payment.
The optional argument method may be used to specify whether the payments are made at the end (
"e", default) or at the beginning ("b") of each period.Note that the rate r is specified as a fraction (i.e., 0.05, not 5 percent).
Package: financial