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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FVIFA Calculator – Calculate Future Value Interest Factor of Annuity
We will use the following IF statement:. You will now see the following dialog box:.
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 complication is because we want the table to handle both regular annuities and annuities due. This leads to the following dialog box:.
Start by adding some data in row 7. This is the area specifically, F1 and F2 where Excel will substitute the values from the top row and left column to get the numbers to paste into the table. Rather than creating a large table with the PV function repeated over and over again, we will use Excel’s two-input data table feature. So, we will apply a custom format to display the text “Period” instead of the result of the formula. This rule checks to see that it is in column A and that the row number is in the visible range.
Note that the underscores add spaces to the number format, and that the right paren at the end is required.
Time Value of Money Tables in Excel |
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. The rest of the table is filled in automatically when we use the Data Table command.
That is the same value that we tagle for the PVIF in the original example problem above.
F2, so we can hide those cells by setting the font color to white. Note fivfa the PV function is only used in the upper-left corner of the table. AE70 and then use this rule:. Apply a format by clicking the Format button and apply some borders, background shading, and a bold font.
The fourth, and final, rule will underline the last visible row, but only in visible columns. 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 tanle number of columns in B6.
Here is a ttable piece of the FVIF table so that you can be sure that yours is correct:. The tables created here are much better than the textbook tables because they overcome a couple of limitations:.
We don’t need to see the contents of E1: Before creating the data table, I should explain the data in E1: The key to creating the tables is to understand that they are all based upon the basic time value of money formulas. We don’t need to use fvkfa setting here, but you should be aware that it exists.
Note that if you look at the formula bar you will see that the formula is still there. Click OK to apply the formatting rule. You can try it yourself: Notice that the value in A10 has changed to 0.
Note that we still need slightly different formulas, depending on the type of annuity as described above. The results will be placed into an array at the intersection of the appropriate row and column.
In recent years these tables have slowly given way to financial calculators, but they are still widely used by some professors and on some fivfa exams. How much do you fvira to deposit fvfia in order to achieve your goal? Not too bad, but the tables that we create here can easily have the exact interest rate that you need.
We want to create rules that are based on formulas, so choose the last item in the Rule Type list Use a formula to fvlfa which cells to format. The third rule will hide everything outside of the visible part of the table as defined by the values in B5: Be sure to click the Create a Copy box at the bottom of the dialog box. For example, we don’t want them to enter a negative interest rate in B1. It can also add to the functionality. This will launch the following dialog box:.
Let’s set one more custom number format, this time in A For reference, if you change B7 to an annuity due you should get 1. In the Type edit box, enter “Period” include the quotation marks. Vfifa format mask to do that is 0.
The average is 0. To set up the rules, select a cell or range and then click the Conditional Formatting button on the Home tab of the ribbon.