Thread: The FV function
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Jolanta Jolanta is offline
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Default The FV function

This is a silly question but I can't get it to work

I put 1000 dollars in the bank (one time installment). I get 4% annual
interest. And I keep the money in the bank for 17 years.

On paper the answer is 1000 x 4% = 40 x 17 = 680 dollar + the initial
amount of 1000 = 1680

How can I put these numbers into the FV Function of Excel

Rate ?
Nper ?
PMT ?
PV ?
Type 1

Thanks a lot for your help