How to Use the RECEIVED Function in Excel
For those working with Excel and Google Sheets, the RECEIVED function offers a straightforward way to calculate the amount received from an investment, assuming periodic, consistent payments and a fixed interest rate. This function is particularly valuable for financial analysts, accountants, and anyone involved in managing investments or loans.
Overview
The syntax for the RECEIVED function is identical in both Excel and Google Sheets:
RECEIVED(rate, nper, pmt, fv, type)- rate: The interest rate per period.
- nper: The total number of payment periods for the investment.
- pmt: The payment made each period, which must remain consistent throughout the investment term.
- fv: The future value or the cash balance desired after the final payment has been made. If not specified, fv defaults to 0.
- type: Indicates whether payments are made at the beginning (1) or the end (0) of each period; the default is 0.
Example: Calculate Amount Received
Consider an investment with the following parameters:
| Rate | NPER | PMT | FV | Type |
|---|---|---|---|---|
| 5% | 10 | $200 | $0 | 0 |
To calculate the amount received from this investment, apply the following formula:
=RECEIVED(0.05, 10, -200, 0, 0)This calculation will provide the total amount received from the investment given the specified conditions.
Use Case
The RECEIVED function is commonly used in the following scenarios:
- Calculating the amount received from an annuity.
- Determining the necessary payout to achieve a specific future value.
- Estimating the initial investment needed to meet a savings target.
Using the RECEIVED function in Excel or Google Sheets allows users to perform precise financial calculations regarding investments and loans with ease.
More information: https://support.microsoft.com/en-us/office/received-function-7a3f8b93-6611-4f81-8576-828312c9b5e5
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Returns the effective annual interest rate
Returns the future value of an investment
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Returns the payment on the principal for an investment for a given period
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Returns the price per $100 face value of a security that pays interest at maturity
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