# VBA PV Function

HomeVBA Functions LIST (Category Wise)How to use the VBA PV Function (Syntax + Example)

## how to use it

To use VBA's PV function you need to understand its syntax and arguments:

### Syntax

PV(Rate, Nper, Pmt, [Fv], [Due])

### Arguments

• Rate: The rate of interest for the period.
• Nper: The number of periods to pay the loan or investment.
• Pmt: The fixed amount of payment per period.
• [FV]: The future value of the loan/investment [This is an optional argument and if omitted VBA takes 0 by default].
• [Due]: Defines whether the payment is due at the start or the end of the period [This is an optional argument and if omitted VBA takes the end of the period by default].
• Use 0 for the end of the period and 1 for the start of the period

## Example to use PV Function in VBA

To practically understand how to use VBA PV function, you need to go through the below example where we have written a vba code by using it: ```Sub example_PV()
Range("A9").Value = PV(0.08 / 12, 5 * 12, -1500)
End Sub```

In the above code, we have used the PV to get the present value of an investment by using an 8% annual interest rate and 5 years of the time period, with a monthly payment of 1500 and it has returned 73977.65 in the result.

## Notes

Below are some important points which you need to take care while using PV function in VBA.

• Both "rate" and "nper" arguments need to calculated using payment periods that are expressed in the same units.
• While using PV any cash paid out is represented by a negative number and any cash received is represented by a positive number.

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