Future Value formula

[heater]

I need a future value formula like this PV(1+r)n=FV. I am trying for this
outcome - 1,000,000(1+1.0)3=8,000,000.

[Dana DeLouis]

> I need a future value formula

=FV(100%,3,,-1000000)

(Returns 8,000,000)
--
HTH. :>)
Dana DeLouis
Windows XP, Office 2003


"heater" <[email protected]> wrote in message
news:[email protected]...
>I need a future value formula like this PV(1+r)n=FV. I am trying for this
> outcome - 1,000,000(1+1.0)3=8,000,000.

[[email protected]]

heater wrote:
> I need a future value formula like this PV(1+r)n=FV. I am
> trying for this outcome - 1,000,000(1+1.0)3=8,000,000.

The correct way to write that formula is:

=1000000*(1+1%)^3

Also, you can use the FV function, to wit:

=FV(1%, 3,, -1000000)

I ***-u-me you meant 1%, not "1.0", which is 100%. If did
indeed intend to write 100%, I suggest that you write "(1+100%)"
so that your intent is clear.