fv formula

  1. Z

    Math behind FV formula

    I often use the following formula to find outstanding balance on a loan: =FV ((i,periods,pmt,-pv). Does anyone know what the math is behind it? I know that the FV factor is ((1 + i/12)^periods) - 1......but I haven't been able to figure out how to use this to create a long hand formula. Also...

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