Using the Present Value
function PV will allow you to calculate how much to invest today in
order to become a millionaire after a certain number of years.
The Format of a PV function
is
In my example, I am considering one single initial investment in order to earn a certain amount of money in the future, so Pmt is set to 0, and payment due is at the beginning of the period, so it is set at 0, the rest of the values are obtained from the users.PV(Rate,Nper, Pmt,FV,Due)Rate=Interest rateNper=The length of period (Usually number of years)Pmt=Periodic paymentFV=Future ValueDue= 1 if payment due at beginning of a period and Due=0 if payment due at the end of a period.
Private Sub cmdCal_Click()
End Sub
Dim F_Money, Int_Rate, Investment As Double
Dim numYear As Single
F_Money = Val(Txt_FV.Text)
Int_Rate = (Val(Txt_Rate.Text) / 100)
numYear = Val(Txt_Year.Text)
Investment = PV(Int_Rate, numYear, 0, F_Money, 1)
Lbl_PV.Caption = Format(-Investment, "$##,###,##0.00")
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