The FV function is used to determine the future value of an investment, assuming periodic, constant payments with a constant interest rate. Syntax:= FV (rate, nper, pmt, [pv], [type]) rate - The interest rate per period. nper - The total number of payment periods. pmt- The payment made each period. Must be entered as a negative number. pv- [optional] The present value of future payments. If omitted, assumed to be zero. Must be entered as a negative number. type [optional] When payments are due. 0 = end of period, 1 = beginning of period. Default is 0. Exercise 1: What is the future value acquired by 100 for a period of 4 years at 8% yearly interest paid each semester? Exercise 2: We put 500 each year in an account with an effective annual interest rate of 6%. What is the acquired capital after payment of the 15th annuity, if annuities are due at the end of each period? What is the acquired capital after payment of the 15th annuity, if annuities are due at the beginning of each period? Da Ideas