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|               PV                |
+---------------------------------+
PV(<expN1>, <expN2>, <expN3>)

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Returns present value of investment.
Return value - Numeric
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The financial function PV() returns the present value of an investment.
Present value is computed as the value of an investment based on a
series of equal periodic payments at a constant periodic interest rate.

<expN1>
        The numeric expression <expN1> is the equal periodic payment.  It can
be positive or negative.  PV() assumes that the payments are made at the
end of each period.

<expN2>
        The numeric expression <expN2> is the periodic interest rate.  If the
interest rate is annual and the payments are made monthly, divide the
annual interest rate by 12.

<expN3>
        The total number of payments is specified by <expN3>.

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|         Program Example         |
+---------------------------------+
STORE 500 to payment  && Periodic payments made monthly
STORE .075/12 TO interest  && 7.5% annual interest rate
STORE 48 TO periods  && Four years (48 months)
? PV(payment, interest, periods)

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See Also:  CALCULATE, FV()

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See Also: CALCULATE FV()
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