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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In the format, set the font color to white. This is where you tell Excel that cell F1 is where to plug in the numbers from the top row of the table the interest rates and that F2 is where to plug in the numbers from the left column the period numbers. For example, we might want to see how the present value changes when both the interest rate and number of periods changes.
This tells Excel to display the word “Period” regardless of the result of the formula. At this point the PVIF table is fully functional.
The formula in A10 is:. In this section we will see how to apply several different kinds of formatting and data validation rules to make the TVM tables more flexible and functional. Additionally, we need to specify the Type argument to the function. As noted, these tables provide a great deal of flexibility. Here is a small piece of the FVIF table so that you can be sure that yours is correct:. For the text in A9 we need to specify slightly different text depending on the type of annuity.
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.
Time Value of Money Tables in Excel |
We can do this by applying some data validation rules fable those cells. Are you a student? Click OK to apply the formatting rule. Notice that the value in A10 has changed to 0. For the final touch, we want to make sure that a user cannot enter data that is unexpected in B1: P10 should have the format. Note that we still need slightly different formulas, depending on the type of annuity as described above.
Excel does this repeatedly to fill in the table. AE10 and then call up the dialog box above.
FVIFA Calculator – Tool Slick
Apply a format with a border on the right edge only, and fvif the font to bold. The average is 0. Click the OK button to apply the custom number format.
Click B7 and then the Data Validation cvifa. For the second rule we want to apply a border to the right edge of column A, but only those rows that are supposed to be visible in the table.
Since we are building these tables with Excel, we can use its built-in functions PV in this case instead of the mathematical formula. Then you have to interpolate because 3. The snippet below shows the formulas that are in the PVIF table from above:.
Select B1 and then click the Data Validation button on the Data tab. 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.
You will now see the following dialog box:. You can see how the rules are created. We will use the following IF statement:. We don’t need to see the contents of E1: Again, this is a two-input data table. The first rule will create the shading and borders for the top row of our table.
For reference, if you change B7 to an annuity due you should get 1. But what happens if the interest rate is 3. Exit from the dialog box so that we can start creating new rules. That is the same as the PVIF that we originally pulled from the table.
You can try it yourself: This rule checks to see that it is in column A and that the row number is in the visible range. This leads to the following dialog box:. In fact, it just confuses things. Choose Decimal from the Allow list, between from the Data list, set the minimum to 0, rable the maximum to 0.
Our PVIF table will serve as a template for each of the other three tables. This is the area specifically, F1 and F2 where Excel will substitute the values from the top fable and left column to get the numbers to paste into the table.
If you change B6 to 15, then A