The PV, FV, NPER, RATE, and PMT functions in Excel can be used for both an ordinary annuity (payments made at the end of the period, type=0) and annuity due (payments made at the beginning of the period, type=1).
NPV Formula
To calculate Net Present Value using the NPV formula in Excel, you need a series of periodic cash flows like that shown in the figure below.
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finance
IRR Formula
To calculate Internal Rate of Return using the IRR formula in Excel, you need a series of periodic cash flows like that shown in the figure below.
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finance
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