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 don’t need to see the contents of E1: To create the data table we need to select A For regular annuities this argument is 0, but for annuities due it is 1.
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.
Then you have to interpolate because 3. Choose Decimal from the Allow list, between from the Data list, set the minimum to 0, and the maximum to 0. This will provide the user with a drop-down list from which they can choose the type of annuity. The rest of the table is filled in automatically when we use the Data Table command. For example, we don’t want them to enter a negative interest rate in B1.
The tables are almost identical, except for the text in A9 and the formula in A That is the same value that we used for the PVIF in the original example problem above.
Table recalculation can be slow for large tables or complicated tagle, so one of Excel’s calculation options is to Automatic Except for Data Tables. Excel does this repeatedly to fill in the table.
Click the OK button to apply the custom number format. We need to add 1 to the number of columns because we are including column A, which is not a part of the 30 columns specified. Additionally, we need fvica specify the Type argument to the function. Substituting 1 for FV, 3 for N, and 0.
FVIFA Calculator – Tool Slick
We want the period numbers to have two decimal places and to be roughly centered in column A. Choose New Rule from the menu.
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. To set up the rules, select a cell or range and then click the Conditional Formatting button on the Home tab of the ribbon.
Apply a border to the bottom using the Format button. This tells Excel to display the word “Period” regardless of the result of the formula. That is the same as the PVIF that we originally pulled from the table.
Not too bad, but the tables that we create here can easily have the exact interest rate that you need. To test it, change B6 to, say, 10 and make sure that only A Click B7 and then the Data Validation button.
The average is 0.
The PVIF is 0. The Table function will display that array in our table area B Start by adding some data in row 7. Note that if some of your rules don’t work properly, you can always go back and edit them by choosing Manage Rules from the Conditional Formatting drop-down. Note that this does not change the formula or the result, only what appears in the cell.
Time Value of Money Tables in Excel |
The results will be placed into an array at the intersection of the appropriate row and column. Conditional formatting changes the look of a cell or range when certain conditions are met. The key to creating the tables is to understand that they are all based upon the basic time value of money formulas. However, we need to clean this up a bit to make it more functional. Since we are building these tables with Excel, we can use its built-in functions PV in this case instead of the mathematical formula.
But what happens if the interest rate is 3. AE70 and then use this rule:. Formatting isn’t just for making your spreadsheet pretty.
In B7 we will enter another data validation rule. Our PVIF table will serve as a template for each of the other three tables. The first rule will create the shading and borders for the top row of our table.