Compare EFFECT vs FV

2 vs

Compare EFFECT vs FV side-by-side — differences, popularity and recommendation

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All functions Pick at least 2 functions

Feature

Financial

=EFFECT()

Syntax

Financial

=FV()

★ Winner

Syntax

Category

Financial financial

Popularity

35 / 100

45 / 100

Views

◉ 33 views

◉ 23 views

Output

Number

Version

All versions

Volatile

Dynamic Array

Description

Returns the effective annual interest rate, given the nominal annual interest rate and the number of compounding periods per year.

FV, one of the financial functions, calculates the future value of an investment based on a constant interest rate. You can use FV with either periodic, constant payments, or a single lump sum payment.

Syntax

=EFFECT(nominal_rate, npery)

=FV(rate,nper,pmt,[pv],[type])

Arguments

2 Arguments

nominal_rate npery

5 Arguments

rate nper pmt pv (Optional) type (Optional)

Examples

Tips

★ Recommendation — Winner: =FV()

=FV() is recommended based on higher popularity, newer version and Dynamic Array support.

Winner: =FV()