Answer Posted / Manoj Kumar Prasad
The PV (Present Value) function in Excel calculates the present value of a series of cash flows. The syntax is PV(rate, nper, pmt, [fv], [type]) where 'rate' is the interest rate per payment period, 'nper' is the total number of payments, 'pmt' is the constant payment amount, 'fv' (optional) is the future value of the investment or loan, and 'type' (optional) determines when the cash flows are made.
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