The Excel FV function calculates the Future Value of an investment with periodic constant payments and a constant interest rate.
The syntax of the function is:
Where the arguments are as follows:
rate    The interest rate, per period. 
nper    The number of periods for the lifetime of the annuity. 
[pmt]    An optional argument that specifies the payment per period. (Note that if the [pmt] argument is omitted it uses the default value 0). 
[pv]    An optional argument that specifies the present value of the annuity  i.e. the amount that a series of future payments is worth now. (Note that if the [pv] argument is omitted, it takes on the default value 0). 
[type]    An optional argument that defines whether the payment is made at the start or the end of the period. The [type] argument can have the value 0 or 1, meaning: 0  the payment is made at the end of the period; 
Cash Flow Sign Convention:
Note that, in line with the general cash flow sign convention, cash outflows are represented by negative numbers and cash inflows are represented by positive numbers. This is seen in the examples below.The following spreadsheets show the Excel FV function, used to calculate the future value of two different investments.
In the following spreadsheet, the Excel Fv function is used to calculate the future value of an investment of $1,000 per month for a period of 5 years. The present value is 0, the interest rate is 5% per year and the payments are made at the end of each month.
Formula:
 Result:

Note that, in this example:
In the example below, the Excel Fv function is used to calculate the future value of an investment of $2,000 per quarter for a period of 4 years. The interest is 10% per year and each payment is made at the start of the quarter.
Formula:
 Result:

Note that, in this example:
For further details and examples of the Excel Fv function, see the Microsoft Office website.
If you get an error from the Excel Fv Function, this is most likely to be the #VALUE error:
#VALUE!    Occurs if any of the supplied arguments are nonnumeric. 