FVSCHEDULE function
PRO
BASIC
The FVSCHEDULE
function in Jspreadsheet Formulas Pro calculates the future value of an initial investment after applying a series of compound interest rates sequentially. This function takes two arguments: the initial investment or principal, and a list of interest rates. You use it when you want to know how much your investment will grow after a certain period of time with multiple interest rates applied. It's particularly useful in financial planning and investment analysis scenarios.
Documentation
Calculates the future value of an initial principal after applying a series of compound interest rates.
Category
Financial
Syntax
FVSCHEDULE(principal, schedule)
Parameter | Description |
---|---|
principal |
The present value or principal of the investment. |
schedule |
An array of growth rates applied to the investment. These can be in decimal or percentage form. |
Behavior
The FVSCHEDULE
function is used to calculate the future value of an initial principal after applying a series of compound interest rates. It takes two arguments: the principal and a range of cells that contain the interest rates.
- If the principal argument is empty or contains text, the function will return a #VALUE! error.
- If the principal argument is a boolean value, it will be coerced to a number (TRUE to 1 and FALSE to 0).
- If any cell in the range of interest rates contains text or is empty, the function will return a #VALUE! error.
- If any cell in the range of interest rates contains a boolean value, it will be coerced to a number (TRUE to 1 and FALSE to 0).
- If the range of interest rates contains a cell with a negative number, the function will calculate as per the negative rate.
Common Errors
Error | Description |
---|---|
#VALUE! | This error is displayed when the principal or any cell in the range of interest rates contains text or is empty. |
#NUM! | Returned when the principal is non-numeric or results in an invalid calculation. |
Best Practices
- Always ensure that the principal and the range of interest rates contain numeric values to avoid #VALUE! errors.
- Be aware that the function does not automatically convert percentage values into decimal form. You need to do this manually.
- Remember that the order of the interest rates in the range does matter, as the function applies them sequentially.
- Be careful when using boolean values, as they are coerced to numbers, which might lead to unexpected results.
Usage
A few examples using the FVSCHEDULE function.
=FVSCHEDULE(1000, [0.05, 0.10, 0.15, 0.20]) // Compounding with decimal rates
=FVSCHEDULE(2000, [5%, 10%, 15%, 20%]) // Compounding with percentage format
=FVSCHEDULE(50000, [2%, 3%, 4%, 5%, 6%]) // Long-term sequential compounding
=FVSCHEDULE(1500, [-0.02, 0.05, 0.03]) // Includes a negative interest period
Interactive Spreadsheet Demo
<html>
<script src="https://jspreadsheet.com/v11/jspreadsheet.js"></script>
<script src="https://jsuites.net/v5/jsuites.js"></script>
<link rel="stylesheet" href="https://jsuites.net/v5/jsuites.css" type="text/css" />
<link rel="stylesheet" href="https://jspreadsheet.com/v11/jspreadsheet.css" type="text/css" />
<link rel="stylesheet" href="https://fonts.googleapis.com/css?family=Material+Icons" />
<script src="https://cdn.jsdelivr.net/npm/@jspreadsheet/formula-pro/dist/index.min.js"></script>
<div id="spreadsheet"></div>
<script>
// Set your JSS license key (The following key only works for one day)
jspreadsheet.setLicense('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');
// Set the extensions
jspreadsheet.setExtensions({ formula });
// Create a new spreadsheet
jspreadsheet(document.getElementById('spreadsheet'), {
worksheets: [{
data: [
[
"Principal",
"Interest Rates",
"Future Value"
],
[
1000,
"5%,10%,15%",
"=FVSCHEDULE(A2,{0.05;0.10;0.15})"
],
[
5000,
"3%,4%,5%,6%",
"=FVSCHEDULE(A3,{0.03;0.04;0.05;0.06})"
],
[
10000,
"2%,8%,12%",
"=FVSCHEDULE(A4,{0.02;0.08;0.12})"
]
]
}]
});
</script>
</html>
import React, { useRef } from "react";
import { Spreadsheet, Worksheet, jspreadsheet } from "@jspreadsheet/react";
import formula from "@jspreadsheet/formula-pro";
import "jsuites/dist/jsuites.css";
import "jspreadsheet/dist/jspreadsheet.css";
// Set license
jspreadsheet.setLicense('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');
// Set the extensions
jspreadsheet.setExtensions({ formula });
export default function App() {
// Spreadsheet array of worksheets
const spreadsheet = useRef();
// Worksheet data
const data = [
[
"Principal",
"Interest Rates",
"Future Value"
],
[
1000,
"5%,10%,15%",
"=FVSCHEDULE(A2,{0.05;0.10;0.15})"
],
[
5000,
"3%,4%,5%,6%",
"=FVSCHEDULE(A3,{0.03;0.04;0.05;0.06})"
],
[
10000,
"2%,8%,12%",
"=FVSCHEDULE(A4,{0.02;0.08;0.12})"
]
];
// Render component
return (
<Spreadsheet ref={spreadsheet}>
<Worksheet data={data} />
</Spreadsheet>
);
}
<template>
<Spreadsheet ref="spreadsheet">
<Worksheet :data="data" />
</Spreadsheet>
</template>
<script>
import { Spreadsheet, Worksheet, jspreadsheet } from "@jspreadsheet/vue";
import "jsuites/dist/jsuites.css";
import "jspreadsheet/dist/jspreadsheet.css";
import formula from "@jspreadsheet/formula-pro";
// Set license
jspreadsheet.setLicense('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');
// Set the extensions
jspreadsheet.setExtensions({ formula });
export default {
components: {
Spreadsheet,
Worksheet,
},
data() {
// Worksheet data
const data = [
[
"Principal",
"Interest Rates",
"Future Value"
],
[
1000,
"5%,10%,15%",
"=FVSCHEDULE(A2,{0.05;0.10;0.15})"
],
[
5000,
"3%,4%,5%,6%",
"=FVSCHEDULE(A3,{0.03;0.04;0.05;0.06})"
],
[
10000,
"2%,8%,12%",
"=FVSCHEDULE(A4,{0.02;0.08;0.12})"
]
]
return {
data
};
}
}
</script>
import { Component, ViewChild, ElementRef } from "@angular/core";
import jspreadsheet from "jspreadsheet";
import * as formula from "@jspreadsheet/formula-pro";
// Set your JSS license key (The following key only works for one day)
jspreadsheet.setLicense('ZGM1Zjk1M2Y3ZTM1Y2Y0NDg2MzM1YjQwY2JjYTNlNDc5ZjJkMDNiYmRjNTRmYjc2NzhkNWEyZjcwZmU4OWRlNmMyZjdlNDZkYjU3NTY0NGE4YzRkMjgwNTBiY2U0OWJlZTFjMzUyYThkY2QwNDdjNTA3MDAxNDQ0M2FiNzg4NGYsZXlKamJHbGxiblJKWkNJNklpSXNJbTVoYldVaU9pSktjM0J5WldGa2MyaGxaWFFpTENKa1lYUmxJam94TnpVM01ETXhORFF6TENKa2IyMWhhVzRpT2xzaWFuTndjbVZoWkhOb1pXVjBMbU52YlNJc0ltTnZaR1Z6WVc1a1ltOTRMbWx2SWl3aWFuTm9aV3hzTG01bGRDSXNJbU56WWk1aGNIQWlMQ0p6ZEdGamEySnNhWFI2TG1sdklpd2lkMlZpWTI5dWRHRnBibVZ5TG1sdklpd2lkMlZpSWl3aWJHOWpZV3hvYjNOMElsMHNJbkJzWVc0aU9pSXpOQ0lzSW5OamIzQmxJanBiSW5ZM0lpd2lkamdpTENKMk9TSXNJbll4TUNJc0luWXhNU0lzSW1Ob1lYSjBjeUlzSW1admNtMXpJaXdpWm05eWJYVnNZU0lzSW5CaGNuTmxjaUlzSW5KbGJtUmxjaUlzSW1OdmJXMWxiblJ6SWl3aWFXMXdiM0owWlhJaUxDSmlZWElpTENKMllXeHBaR0YwYVc5dWN5SXNJbk5sWVhKamFDSXNJbkJ5YVc1MElpd2ljMmhsWlhSeklpd2lZMnhwWlc1MElpd2ljMlZ5ZG1WeUlpd2ljMmhoY0dWeklpd2labTl5YldGMElsMHNJbVJsYlc4aU9uUnlkV1Y5');
// Set the extensions
jspreadsheet.setExtensions({ formula });
@Component({
standalone: true,
selector: "app-root",
template: `<div #spreadsheet></div>`
})
export class AppComponent {
@ViewChild("spreadsheet") spreadsheet: ElementRef;
// Worksheets
worksheets: jspreadsheet.worksheetInstance[];
// Create a new data grid
ngAfterViewInit() {
// Create spreadsheet
this.worksheets = jspreadsheet(this.spreadsheet.nativeElement, {
worksheets: [{
data: [
[
"Principal",
"Interest Rates",
"Future Value"
],
[
1000,
"5%,10%,15%",
"=FVSCHEDULE(A2,{0.05;0.10;0.15})"
],
[
5000,
"3%,4%,5%,6%",
"=FVSCHEDULE(A3,{0.03;0.04;0.05;0.06})"
],
[
10000,
"2%,8%,12%",
"=FVSCHEDULE(A4,{0.02;0.08;0.12})"
]
]
}]
});
}
}