## Lotus 123 formula question

## Lotus 123 formula question

(OP)

I’ve got a Lotus worksheet that has this formulas in one of the cells:

1/@FV(1,C14,C15)

I’m trying to understand how Lotus interprets this…. I would have expected to see the @ symbol as the first character in the cell to denote that a formula was being used. If anyone can point me to a reference or help with this, I would appreciate it.

Jan

1/@FV(1,C14,C15)

I’m trying to understand how Lotus interprets this…. I would have expected to see the @ symbol as the first character in the cell to denote that a formula was being used. If anyone can point me to a reference or help with this, I would appreciate it.

Jan

## RE: Lotus 123 formula question

@FV(payments;interest;term) calculates the future value of an investment, based on a series of equal payments, earning a periodic interest rate, over the number of payment periods in term.

I hope this helps some.

## RE: Lotus 123 formula question

## RE: Lotus 123 formula question

@FV(payment, interest, term)

The @FV function calculates the future value of a series of equal payments, where "interest" is the interest compounded each period and "term" is the total number of payments.. For example, if you plan to deposit $10,000 a year for 10 years into an account that earns 12% simple interest per year, you can use the function:

@FV(10000,.12,10) to determine what your account will be worth at the end of that period. The account will be worth $175,487 at the end of 10 years.

The @FV function uses the following formula to calculate future value:payment*(((1+interest)^term)-1)/interest.

This calculation assumes that you make each payment on the last day of each period.

The @FV Function in 1-2-3 release 2 evaluates to ERR whenever the term argument is less than 1. The problem is corrected in later releases.

Hope it helps some....