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Lotus 123 formula question

jjonesal (Programmer) (OP) 
6 Nov 05 11:52 
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


The yhe formula is 1 divided by @FV(1,C14,C15). The following is from version 5.0's help section on formulas.
@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. 

Oops, The first line should be "The formula is 1" 

jockopa (TechnicalUser) 
30 Nov 05 21:50 
I aggree with you that the "1" should not be in front of the @ sign, but can't explain why it is. I have an old book that explains the @FV formula this way: @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 123 release 2 evaluates to ERR whenever the term argument is less than 1. The problem is corrected in later releases.
Hope it helps some.... 



