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Stored procedures
FinCurrentVal (Function)
In french: FinValActuelle
Returns the current value of investment.
Reminder: The current value corresponds to the sum that represents a set of future payments at today's date. For example, when you get a loan, the amount of the loan represents the current value for the lender.
Example
// Current value of investment. The repayment value is set to 5000 Euros.
// This investment must bring in 50000 Euros per year during 10 years.
// The interest rate is set to 8%.
ResCurrentVal = FinCurrentVal(-5000, 50000, 10, 8)
Syntax
<Result> = FinCurrentVal([<Payment Value> [, <Future Value> [, <Number of periods> [, <Rate> [, <Start>]]]]])
<Result>: Real or currency
Current value of investment.
<Payment Value>: Optional real or currency
Payment value for each period (0 by default). This payment is identical over the entire duration. This value must be negative.
<Future Value>: Optional real or currency
Future value (capitalized value). This is the amount after the last payment (0 by default).
<Number of periods>: Optional integer
Total number of periods in the investment (1 by default).
<Rate>: Optional real
Interest rate of investment expressed in percentage (1 by default). For example, for a 5% rate, this parameter will be set to 5.
<Start>: Optional boolean
  • True if the payments must be made at the beginning of period (default value),
  • False if the payments must be made at the end of period.
Remarks

Time unit

The calculations can be performed according to months or years. <Rate> and <Period> must correspond to the same unit.
Therefore, to get the current value of a 4-year loan, paid off monthly, with a yearly interest rate set to 10%, the units can be expressed in months:
  • <Period> = 4*12,
  • <Rate> = 10% / 12

Managing errors

Caution: FinCurrentVal returns no error code. To determine if this function has generated errors, use FinError. To get more details on the error, use ErrorInfo with the errMessage constant.
Component: wd270mat.dll
Minimum version required
  • Version 9
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