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PV(), FV() confused by sign expected
given
annual rate = 10% periodic rate = 0.8333...% nper=12 pv=100,000 pmt=100 type=0 FV() returns -$111,727.86 Why a negative value? If I have a balance of a positive $100, 000 and add to it $100 each month, I would expect to have a positive $111,727.86 On the other hand, if I assume the same facts as above except change the payment to a -100.00 then Excel's FV() returns -$109,214.75 I also don't understand this either, in that I start with a balance of $100,000 and I believe I'm subtracting (-100.00) each month. Why's the balance not 98,800.00 plus the impact of interest? So my question is, how do I interpret the sign when using the financial functions. TIA. |
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