Language Reference Guide > Language Reference Guide > Function Libraries > Finance Library Functions > FVC Function
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FVC Function
Calculates the future value of a list of cash flows earning a specified rate of interest. It assumes that the payment is made at the end of the period, and that periods are of equal length. If the payment is made at the beginning, multiply the result by (1 + i).
This function has the following syntax:
FVC(i = value, list = array)
Arguments
Data Type
Description
i
Float
Interest per period
list
Array of FloatObject
List of cash flows
This function returns:
• Float—The future value of periodic cash flows
• Null—On error
Example—FVC function:
/*  Compute the future value of periodic cash flows of
**  $123, $145, and $134 earning 7% per period.
*/
declare
     cashflow = array of FloatObject;
     xfvc = Float;
enddeclare
begin
     cashflow[1].value = 123;
     cashflow[2].value = 145;
     cashflow[3].value = 134;
     xfv = fvc(i = .07, list = cashflow);
end
Last modified date: 06/25/2024