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.
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We only want to fivfa 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 Fvita. In B7 we will enter another data validation rule. Choose New Rule from the menu. The results will be placed into an array at the intersection of the appropriate row and column.
For regular annuities this argument is 0, but for annuities due it is 1. Notice that the value in A10 has changed to 0.
Time Value of Money Tables in Excel |
For the second rule we want to apply a border to the right edge of column A, fvifaa only those rows that are supposed to be visible in the table. Note that we still need slightly different formulas, depending on the type of annuity as described above.
So we will simply copy the PVIF worksheet. How much do you need to deposit today in order to achieve your goal? Then you have to interpolate because 3. For the final touch, we want to make sure that a user cannot enter data that fvita unexpected in B1: This feature is typically used for sensitivity analysis.
Select B1 and then click the Data Validation button on the Data tab. To set up the rules, select a cell or range and then click the Conditional Formatting button on the Home tab of the ribbon. txble
A70 and then create this formatting rule:. As noted, these tables provide a great deal of flexibility. For the text in A9 we need to specify slightly different text depending on the type of annuity.
The formula in A10 is:. We can fvifaa this by applying some data validation rules to those cells. Here is a small piece of the FVIF table so that you can be sure that yours is correct:. 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.
Start by adding some data in row 7. You can see how the rules are created. The rest of the table is filled in automatically when we use the Data Table command. We don’t need to see the contents of E1: Again, this is a two-input data table.
In this section we will see how to apply several different kinds of formatting and data validation rules to make the TVM tables more ffifa and functional. Apply a format by clicking the Format button and apply some borders, background shading, and a bold font. The average is 0. So, essentially what happens in the data table is that Excel will plug numbers into F1 and F2 and then recalculate the formula in A The Table function will display that array in our table area B The format mask to do that is 0.
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 enters a number outside of the allowable range. 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.
Your worksheet should now look like the one below, except for the shading in row The tables are almost identical, except for the text in A9 and the formula in A Excel does this repeatedly to fill in the table. This will provide the user with a drop-down list from which they can choose the type of annuity. Formatting isn’t just for making your spreadsheet pretty. In fact, it just confuses things.
That is the same as the PVIF that we originally pulled from the table. You can also create a one-input data table by specifying only the row or column input cell, but that wouldn’t suit the purpose here. Tvifa 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. This rule checks to see that it is in column A and that the row fviaf is in the visible range.
This leads to the following dialog box:. In A7 enter “Type” for the type of annuity.
The third rule tab,e hide everything outside of the visible part of the table as defined by the values in B5: For example, we might want to see how the present value changes when both the interest rate and number of periods changes.
If you change to an annuity due in B7 then, for reference, you should get 1. Substituting 1 for FV, 3 for N, and 0.