SUMMATION combined with PV formula
turjes wrote:
Greetings,
I am using EXCEL 2008 on a MAC. I am trying to use the Present Value formula
in a summation formula. The problem is that I don't see a SUMMATION formula
(the uppercase SIGMA sign) anywhere, I even tried looking it up.
My PV function would look like this:
PV = FV/(1+r)^i
With the summation formula being utilized with that, I want it to sum up the
PV going from i=6 to i=12. Is there any way to do that in Excel? Any help
would be appreciated, thank you!
Not sure, but would this work?
start (s) = 6, end (e) = 12
= (FV*((r + 1)^(1 - s) - (r + 1)^(-e)))/r
Dana DeLouis
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