---
url: /cube-functions/fv.md
description: >-
  Calculates the future value of an investment based on constant payments and a
  constant interest rate.
---

# FV

Calculates the future value of an investment based on constant payments and a constant interest rate.

```js
FV(rate, nper, pmt, pv, type)
```

#### Parameters

* `rate` - The interest rate per period.
* `nper` - The total number of payments.
* `pmt` - The payment made each period; payments are assumed to be made at the end of each period.
* `pv` - The present value, or the total amount that a series of future payments is worth now. If not provided, it is assumed to be 0. `(optional)`
* `type` - When payments are due: 0 for end of period, or 1 for beginning of period. If not provided, it is assumed to be 0. `(optional)`

#### Examples

```js
FV(0.05 / 12, 120, -100, 1000)
```

**Result:** `13881.22`

**Note:** Calculates the future value of an investment with an initial deposit of $100, and a series of monthly payments of $1,000, for a total of 10 years (120 months), with a 5% annual interest rate compounded monthly.