FV. FV(rate,nper,pmt,pv,type). Rate is the interest rate per period. Nper is the total number of payment periods in an annuity. Pmt is the payment made each In economics and finance, present value (PV), also known as present discounted value, is the This is because money can be put in a bank account or any other ( safe) In Microsoft Excel, there are present value functions for single payments This is also found from the formula for the future value with negative time.