**PV function - Microsoft Support**
https://support.microsoft.com/en-us/office/pv-function-cafd786c-593c-4bfe-b556-681d4114d124

Syntax. PV ( rate, nper, pmt, fv, type) Rate is the interest rate per period. For example, if you obtain an automobile loan at a 10 percent annual interest rate and make monthly payments, your interest rate per month is 10%/12, or 0.83%. You would enter 10%/12, or 0.83%, or 0.0083, into the formula as the rate.

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