## Explanation

The FV function can calculate compound interest and return the future value of an investment. To configure the function, we need to provide a rate, the number of periods, the periodic payment, the present value.

To get the rate (which is the period rate) we use the annual rate / periods, or C6/C8.

To get the number of periods (nper) we use term * periods, or C7 * C8.

There is no periodic payment, so we use zero.

By convention, the present value (pv) is input as a negative value, since the $1000 "leaves your wallet" and goes to the bank during the term.

The solution goes like this this:

```
=FV(C6/C8,C7*C8,0,-C5)
=FV(0.05/12,10*12,0,-1000)
=FV(0.00417,120,0,-1000)
=1647
```