Excel Tutorial – FVSCHEDULE

The FVSCHEDULE function in Microsoft Excel is a financial function that calculates the future value of an investment based on a schedule of periodic payments and interest rates. It takes three arguments: the rate of interest, the number of periods, and the payment schedule.

Here’s a step-by-step guide on how to use the FVSCHEDULE function:

1. Open your Microsoft Excel spreadsheet and select the cell where you want to display the result.
2. Type the following formula into the selected cell: =FVSCHEDULE(rate, nper, schedule)
3. Replace “rate” with the rate of interest for the investment.
4. Replace “nper” with the number of periods for the investment.
5. Replace “schedule” with the payment schedule for the investment. The payment schedule must be a range of cells that contains the payments for each period.

For example, if you want to calculate the future value of an investment with an annual interest rate of 5%, a total of 5 periods, and a payment schedule in the range A1:A5, the formula would be: =FVSCHEDULE(5%, 5, A1:A5)

6. Press Enter to complete the formula and display the result.

Note: While the FVSCHEDULE function can be useful for financial analysis, it is not a commonly used function in Excel, as it requires a specific set of data and specialized knowledge of financial concepts.