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FVSCHEDULE

The FVSCHEDULE function in Google Sheets is a powerful tool to calculate the future value of some principal based on a specified series of potentially varying interest rates. Whether you're planning for investments, analyzing financial scenarios, or projecting loan repayments, the FVSCHEDULE function simplifies the task. Dive into our comprehensive guide to master its application.

Function Syntax and Parameters

Syntax: FVSCHEDULE(principal, rate_schedule)

Parameters:

  • principal: The initial amount or present value.
  • rate_schedule: An array or range of interest rates corresponding to different time periods.

Step-by-Step Tutorial

  1. Using FVSCHEDULE with an array of interest rates and principal amount:
    • Example: =FVSCHEDULE(1000, {0.05, 0.06, 0.04, 0.07})
    • Result: 1203.0256

Use Cases and Scenarios

  1. Investment Planning: Calculate the future value of investments with varying interest rates.
  2. Loan Analysis: Project the future loan balance based on changing interest rates.
  3. Financial Modeling: Calculate the future value of an asset under different interest rate scenarios.

Related Functions

  • FV: Calculates the future value of an investment with a constant interest rate.
  • IRR: Calculates the internal rate of return for a series of cash flows.
  • NPV: Calculates the net present value of an investment based on a series of cash flows.

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