Preface
The Transformation Language
Constants
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Variables
- Built-in Variables
  - SYSDATE
    - Example
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Dates
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- ABORT
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- FV
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- RATE
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- ROUND (Dates)
- ROUND (Numbers)
- RPAD
- RTRIM
- SET_DATE_PART
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- SIN
- SINH
- SIZE
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- SQL_LIKE
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- SYSTIMESTAMP
- TAN
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- TIME_RANGE
- TO_BIGINT
- TO_CHAR (Dates)
- TO_CHAR (Numbers)
- TO_DATE
- TO_DECIMAL
- TO_DECIMAL38
- TO_FLOAT
- TO_INTEGER
- TO_TIMESTAMP_TZ
- TRUNC (Dates)
- TRUNC (Numbers)
- UPPER
- UUID4
- UUID_UNPARSE
- VARIANCE

Transformation Language Reference

10.4.0
- 10.5.6
- 10.5.4
- 10.5.1
- 10.5

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FV

Returns the future value of an investment, where you make periodic, constant payments and the investment earns a constant interest rate.

Syntax

FV( rate, terms, payment [, present value, type] )

The following table describes the arguments for this command:

Argument	Required/ Optional	Description
rate	Required	Numeric. Interest rate earned in each period. Expressed as a decimal number. Divide the percent rate by 100 to express it as a decimal number.
terms	Required	Numeric. Number of periods or payments. Must be greater than 0.
payment	Required	Numeric. Payment amount due per period. Must be a negative number
present value	Optional	Numeric. Current value of the investment. If you omit this argument, FV uses 0.
type	Optional	Integer. Timing of the payment. Enter 1 if payment is at the beginning of period. Enter 0 if payment is at the end of period. Default is 0. If you enter a value other than 0 or 1, the Data Integration Service treats the value as 1.

Return Value

Numeric.

Example

You deposit $2,000 into an account that earns 9% annual interest compounded monthly (monthly interest of 9%/12, or 0.75%). You plan to deposit $250 at the beginning of every month for the next 12 months. The following expression returns $5,337.96 as the account balance at the end of 12 months:

FV(0.0075, 12, -250, -2000, TRUE)

Notes

To calculate interest rate earned in each period, divide the annual rate by the number of payments made in a year. The payment value and present value are negative because these are amounts that you pay.

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Table of Contents

Transformation Language Reference

Transformation Language Reference

FV

FV

Syntax

Return Value

Example

Notes