ACCOUNT/ FINANCE: FORMULA QUESTION: double comma IN PRESENT VALUE FUNCTION

[reinione]

What does a double comma mean in a formula? for example:

=-PV(B10/12,B8,,B11)

FORMULA TYPE: Financial -PV=present value

SReini

 

[Dave Patton]

See Excel's help
Syntax
PV(rate, nper, pmt, [fv], [type])

With the information provided, no Pmt ( payments) are included.

Excel 2010
	A	B
5	Present Value	$77,920.54
6
7
8	Term	5
9
10	Rate	5.00%
11	Future Value	$100,000.00
12
6d

Cell Formulas
Range	Formula
B5	=-PV(B10/12,B8*12,,B11)