numpy.fv() in Python
Last Updated :
29 Nov, 2018
numpy.fv(rate, nper, pmt, pv, when = ‘end’) : This financial function helps user to compute future values.
Parameters :
rate : [scalar or (M, )array] Rate of interest as decimal (not per cent) per period
nper : [scalar or (M, )array] total compounding periods
pmt : [scalar or (M, )array] fixed payment
pv : [scalar or (M, )array] present value
when : at the beginning (when = {‘begin’, 1}) or the end (when = {‘end’, 0}) of each period. Default is {‘end’, 0}
Return :
value at the end of nper periods
Equation being solved :
fv + pv*(1+rate)**nper +
pmt*(1 + rate*when)/rate*((1 + rate)**nper - 1) == 0
or when rate == 0
fv + pv + pmt * nper == 0
Code 1 : Working
import numpy as np
Solution = np.fv( 0.05 / 12 , 10 * 12 , - 100 , - 100 )
print ( "Solution : " , Solution)
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Output :
Solution : 15692.9288943
References :
https://docs.scipy.org/doc/numpy-1.13.0/reference/generated/numpy.fv.html#numpy.fv
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