Preface
The Transformation Language
Constants
Operators
Variables
- Built-in Variables
  - SYSDATE
    - Example
- Local Variables
Dates
Functions
- Function Categories
  - Aggregate Functions
  - Aggregate Functions and Nulls
    - Filter Conditions
  - Character Functions
  - Complex Functions
  - Conversion Functions
  - Data Cleansing Functions
  - Date Functions
  - Encoding Functions
  - Financial Functions
  - Numeric Functions
  - Scientific Functions
  - Special Functions
  - String Functions
  - Test Functions
  - Window Functions
- ABORT
- ABS
- ADD_TO_DATE
- AES_DECRYPT
- AES_ENCRYPT
- ANY
- ARRAY
- ASCII
- AVG
- CAST
- CEIL
- CHOOSE
- CHR
- CHRCODE
- COLLECT_LIST
- COLLECT_MAP
- COMPRESS
- CONCAT
- CONCAT_ARRAY
- CONVERT_BASE
- COS
- COSH
- COUNT
- CRC32
- CREATE_TIMESTAMP_TZ
- CUME
- DATE_COMPARE
- DATE_DIFF
- DEC_BASE64
- DECODE
- DECOMPRESS
- ENC_BASE64
- ERROR
- EXP
- EXTRACT_STRUCT
- FIRST
- FLOOR
- FV
- GET_DATE_PART
- GET_TIMEZONE
- GET_TIMESTAMP
- GREATEST
- IIF
- IN
- INDEXOF
- INITCAP
- INSTR
- ISNULL
- IS_DATE
- IS_NUMBER
- IS_SPACES
- LAG
- LAST
- LAST_DAY
- LEAD
- LEAST
- LENGTH
- LN
- LOG
- LOWER
- LPAD
- LTRIM
- MAKE_DATE_TIME
- MAP
- MAP_FROM_ARRAYS
- MAP_KEYS
- MAP_VALUES
- MAX (Dates)
- MAX (Numbers)
- MAX (String)
- MD5
- MEDIAN
- METAPHONE
- MIN (Dates)
- MIN (Numbers)
- MIN (String)
- MOD
- MOVINGAVG
- MOVINGSUM
- NPER
- PARSE_JSON
- PARSE_XML
- PERCENTILE
- PMT
- POWER
- PV
- RAND
- RATE
- REG_EXTRACT
- REG_MATCH
- REG_REPLACE
- REPLACECHR
- REPLACESTR
- RESPEC
- REVERSE
- ROUND (Dates)
- ROUND (Numbers)
- RPAD
- RTRIM
- SET_DATE_PART
- SIGN
- SIN
- SINH
- SIZE
- SOUNDEX
- SQL_LIKE
- SQRT
- STDDEV
- STRUCT
- STRUCT_AS
- SUBSTR
- SUM
- SYSTIMESTAMP
- TAN
- TANH
- 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

10.5.1
- 10.5.6
- 10.5.4
- 10.5
- 10.4.0

Back Next

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. The Spark engine writes null values for rows when the terms argument passes a 0 value. In the native environment, the Data Integration Service rejects the row and does not write it to the target.
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.

Rename Saved Search

Table of Contents

Transformation Language Reference

Transformation Language Reference

FV

FV

Syntax

Return Value

Example

Notes