By contrast, the FV function can also be used to find the future value of a sum based on a given interest rate, it can’t handle different rates in different periods.

### Example

In the example shown, an initial sum of $1000 is invested for 4 years. In each year, the rate is different as shown below: In the example, the rates are entered in the range C8:C11. The formula in F5 is: FVSCHEDULE returns $1,147.26, when currency number format is applied.

### Schedule

The values in schedule can be provided as a range of cells (per the example) or an array constant. For example, the formula below provides the principal as C5, but rates are hardcoded into an array constant: The result is the same as above, $1,147.26.

### Notes

Blank cells in the schedule are treated as zeros FVSCHEDULE will return #VALUE if any values are non-numeric

### Dave Bruns

Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.