Table 1: F uture Value Interest F actor (F. V. IF.) ($1 at r% for n periods). F. V .. Table 3: Future Value of an Annuity Interest Factor (FVIFA) ($1 per period at r%. n \ r. 1%. 2%. 3%. 4%. 5%. 6%. 7%. 8%. 9%. 10%. 11%. 12%. 13%. 14%. 15%. 16%. 17%. 1. This tutorial demonstrates how to create the PVIF, FVIF, PVIFA, and FVIFA tables using Excel. I use conditional formatting, custom number formatting, data.
|Published (Last):||5 April 2009|
|PDF File Size:||5.84 Mb|
|ePub File Size:||18.30 Mb|
|Price:||Free* [*Free Regsitration Required]|
The complication is because we want the table to handle both regular annuities and annuities due. Click B7 and then the Data Validation button. We only want to apply the format to the cells if they are in the “visible” part of the table that is, the column is within the range specified by the number of columns in B6.
We need tqble add 1 to the number of columns because we fvifaa including column A, which is not a part of the 30 columns specified. This allows us to enter a formula once, and then it will automatically populate the table based on values in the left column and top row of the table. Note that if you look at the formula bar you will see that the formula is still there. The first rule will create the shading and borders for the top row of our ttable. This time we want to set the Allow to List and then the Souce to “Regular, Due” do not type the quotes, but do include the comma.
Let’s set one more custom number format, this time in A The average is 0. You can try it yourself: So, essentially what happens in the data table is that Excel ffifa plug numbers into F1 and F2 and then recalculate the formula in A Note that this does not change the formula or the result, only what appears in the cell.
Choose Decimal from the Tqble list, between from the Data list, set the minimum to 0, and the maximum to 0. We don’t need to use that setting here, but you should be aware that it exists. This will provide the user with a drop-down list from which they can choose the type of annuity. This tells Excel to display the word “Period” regardless of the result of the formula.
The key to creating the tables is to understand that they are all based upon the basic time value of money formulas.
The fourth, and final, rule will underline the last visible row, vvifa only in visible columns.
The snippet below shows the formulas that are in the PVIF table from above:. AE70 and then use this rule:. If you change B6 to 15, then A In the format, set the font color to white. We want to create rules that are based on formulas, so choose the last item in the Rule Type list Use a formula to determine which cells to format. Click OK to apply the formatting rule. In fact, it just confuses things. Additionally, we need to specify the Type argument to the function.
Before creating the data table, I should explain the data in E1: Your worksheet should now look like the one below, except for the shading in row This will launch the following dialog box:.
FVIFA Calculator – Calculate Future Value Interest Factor of Annuity
The results will be placed into an array at the intersection of the appropriate row and column. A70 and then create this formatting rule:.
Let’s take care of a couple of simple items first. Here is a small piece of the FVIF table so that you can be sure that yours is correct:.
Time Value of Money Tables in Excel |
Excel does this repeatedly to fill in the table. To set the custom number format, select A10 and then right click and choose Format Cells. K10 have this format.
In B7 we will enter another data validation rule. This feature is typically used for sensitivity analysis.
In recent years these tables have slowly given way to financial calculators, but they are still widely used by some professors and on some professional exams. It can also add to the functionality. Select B1 and then click the Data Validation button on the Data tab. The rest of the table is filled in automatically when we use the Data Table command.
If you choose, you can set an input message that will popup when the cell is selected, and an error message that is displayed if the user taable a number outside of the allowable range.
Substituting 1 for FV, 3 for N, and 0. Be sure to click the Create a Copy box at the bottom of the dialog box. Note that the PV function is only used in the upper-left corner of the table.
This is the area specifically, F1 and F2 tablw Excel will substitute the values from the top row and fvifx column to get the numbers to paste into the table.
To create the data table we need to select A Please note that the actual numbers in F1 and F2 do not matter at all because Excel is going to replace them to create the table. Apply a format with a border on the right edge only, and set the font to bold. If you change to an annuity due in B7 then, for reference, you should get 1. Only the formatting of the result has been changed.
In this case, the table provides a factor that is multiplied by a future value of a lump sum cash flow in order to obtain its present value. The tables are almost identical, except for the text in A9 and the formula in A You will now see the following dialog box:.