PV Function in Excel: What a Future Amount Is Worth Today

⏱ 1 min readUpdated 28 September 2026

FinancialLevel: ExpertAvailable in: Excel 2007+

In this article
  1. Syntax
  2. Examples
  3. Example 1
  4. Related functions

PV returns today’s value of future payments at a discount rate — how much loan an EMI can support, or what an annuity is worth.

Syntax

=PV(rate, nper, pmt, [fv], [type])
Argument What it means
pmt Payment per period (negative).

Examples

Example 1

=PV(9%/12, 20*12, -40000)

Loan amount a ₹40,000 EMI supports at 9% for 20 years — about ₹44.5 lakh.

FV · PMT · NPV

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