A business may lease office equipment and then make regular payments throughout the term of the lease. At the end of the lease, the business may have the option to purchase the equipment for a specific price, which is determined at the lease signing. The amount would be entered in the fv argument of the PMT function. What are some other uses of the fv argument? Where is it beneficial to calculate fv?

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The future value FV argument in financial calculations such as the PMT Payment function is used to determine the future worth or value of an investmen... View the full answer