Formula generator for FVSCHEDULE function
The FVSCHEDULE function calculates the future value of some principal based on a specified series of potentially varying interest rates. It takes two arguments: the principal amount and the rate schedule. The rate schedule is an array or range of interest rates that correspond to different time periods. The function applies each interest rate to the principal amount and calculates the future value at the end of each time period. Finally, it sums up all the future values to determine the overall future value of the principal amount.
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How to generate an FVSCHEDULE formula using AI.
To obtain information on the ARRAY_CONSTRAIN formula, you could ask the AI chatbot the following question: “To get the FVSCHEDULE formula, you can ask the AI chatbot the following question: "What is the Excel formula to calculate the future value of an investment with varying interest rates over time?"”
FVSCHEDULE formula syntax
The FVSCHEDULE function in Excel calculates the future value of an initial investment based on a series of growth rates. The syntax for FVSCHEDULE is: =FVSCHEDULE(principal, schedule) - "principal" is the initial investment amount. - "schedule" is an array or range of cells that contains the growth rates. The function returns the future value of the investment after applying the growth rates specified in the schedule.
Use Cases & Examples
In these use cases, we use the FVSCHEDULE function to calculate the future value of an investment based on a schedule of different interest rates or growth rates.
Investment Growth
Description
Calculates the future value of an investment based on a series of potentially varying interest rates.
Result
FVSCHEDULE(principal, rate_schedule)
Loan Repayment
Description
Calculates the future value of a loan based on a series of potentially varying interest rates.
Result
FVSCHEDULE(principal, rate_schedule)
Savings Plan
Description
Calculates the future value of a savings plan based on a series of potentially varying interest rates.
Result
FVSCHEDULE(principal, rate_schedule)
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