Financial Functions |
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DB | DDB | FV | NPER | PMT | PV | SLN | SYD |
DB |
Returns the depreciation of an asset for a specified period using the fixed-declining balance method.Syntax:DB(cost,salvage,life,period,month)
cost is the initial cost of the asset. Example:db(1000000, 100000, 6, 7, 7) equals 15845.098473848071 |
DDB |
Returns a number specifying the depreciation of an asset for a specific time period using the double-declining balance method or some other method you specify. The double-declining balance method computes depreciation at an accelerated rate. Depreciation is highest in the first period and decreases in successive periods. The life and period arguments must be expressed in the same units. For example, if life is given in months, period must also be given in months. All arguments must be positive numbers. Syntax:DDB(cost,salvage,life,period,factor)
cost is a number specifying initial cost of the asset. Example:ddb(1000, 100, 3, 2, 3) equals 0.0 |
FV |
Returns a number specifying the future value of an annuity based on periodic, fixed payments and a fixed interest rate. An annuity is a series of fixed cash payments made over a period of time. An annuity can be a loan (such as a home mortgage) or an investment (such as a monthly savings plan). The rate and nper arguments must be calculated using payment periods expressed in the same units. For example, if rate is calculated using months, nper must also be calculated using months. For all arguments, cash paid out (such as deposits to savings) is represented by negative numbers; cash received (such as dividend checks) is represented by positive numbers. Syntax:FV(rate,nper,pmt,pv,due)
rate is a number specifying interest rate per period. For example, if you get a car loan at an annual percentage rate (APR) of 10 percent and make monthly payments, the rate per period is 0.1/12, or 0.0083. Example:fv(0.01, 140, 200, 500000) equals -2074091.5927014677 |
NPER |
Returns a number specifying the number of periods for an annuity based on periodic, fixed payments and a fixed interest rate. An annuity is a series of fixed cash payments made over a period of time. An annuity can be a loan (such as a home mortgage) or an investment (such as a monthly savings plan). For all arguments, cash paid out (such as deposits to savings) is represented by negative numbers; cash received (such as dividend checks) is represented by positive numbers. Syntax:NPER(rate, pmt, pv, fv, due)
rate is a number specifying interest rate per period. For example, if you get a car loan at an annual percentage rate (APR) of 10 percent and make monthly payments, the rate per period is 0.1/12, or 0.0083. Example:nper(0.01, -100, -1000, 10000, 1) equals 59.67386567429457 |
PMT |
Returns a number specifying the payment for an annuity based on periodic, fixed payments and a fixed interest rate. An annuity is a series of fixed cash payments made over a period of time. An annuity can be a loan (such as a home mortgage) or an investment (such as a monthly savings plan). The rate and nper arguments must be calculated using payment periods expressed in the same units. For example, if rate is calculated using months, nper must also be calculated using months. For all arguments, cash paid out (such as deposits to savings) is represented by negative numbers; cash received (such as dividend checks) is represented by positive numbers. Syntax:PMT(rate, nper, pv, fv, due)
rate is a number specifying interest rate per period. For example, if you get a car loan at an annual percentage rate (APR) of 10 percent and make monthly payments, the rate per period is 0.1/12, or 0.0083. Example:pmt(0.05 / 12, 12, 12000, 7000) equals -1597.375487314215 |
PV |
Returns a number specifying the present value of an annuity based on periodic, fixed payments to be paid in the future and a fixed interest rate. An annuity is a series of fixed cash payments made over a period of time. An annuity can be a loan (such as a home mortgage) or an investment (such as a monthly savings plan). The rate and nper arguments must be calculated using payment periods expressed in the same units. For example, if rate is calculated using months, nper must also be calculated using months. For all arguments, cash paid out (such as deposits to savings) is represented by negative numbers; cash received (such as dividend checks) is represented by positive numbers. Syntax:PV(rate, nper, pmt, fv, due)
rate is a number specifying interest rate per period. For example, if you get a car loan at an annual percentage rate (APR) of 10 percent and make monthly payments, the rate per period is 0.1/12, or 0.0083. Example:pv(0.01, 140, 200, 500000) equals -139192.4941917203 |
SLN |
Returns a number specifying the straight-line depreciation of an asset for a single period. The depreciation period must be expressed in the same unit as the life argument. All arguments must be positive numbers. Syntax:SLN(cost,salvage,life)
cost is a number specifying initial cost of the asset. Example:sln(1000, 100, 3) equals 300.0 |
SYD |
Returns a number specifying the sum-of-years' digits depreciation of an asset for a specified period. The life and period arguments must be expressed in the same units. For example, if life is given in months, period must also be given in months. All arguments must be positive numbers. Syntax:SYD(cost,salvage,life,period)
cost is a number specifying initial cost of the asset. Example:syd(1000, 100, 3, 1) equals 450.0 |