The future value factor is also called future value interest factor (FVIF). You can also use the future value factor table to find the value of future value factor. Pvif & Fvif Table – Free download as Word Doc .doc /.docx), PDF File .pdf), Text File .txt) or read online for free. Financial Table,Pvif Table,Fvif table. Future Value Interest Factor: FVIF(i, n). Financial Problems and Analysis . Appendix B. Future Value Interest Factor: FVIF(i, n).
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Once we get this working properly, we can simply copy the worksheet and then change the formula that drives the table. Select B1 and then click the Data Validation button on the Data tab. For the interest rate we want to allow any decimal number between 0 and 0. Table recalculation can be slow for large tables or complicated formulas, so one of Excel’s calculation options is to Automatic Except for Data Tables.
Apply a format by clicking the Format button and apply some borders, background shading, and a bold font. To set the custom number format, select A10 and then right click and choose Format Cells.
You will now see the following dialog box:. P10 should have the format. 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 fvir the number of columns in B6. You can try it yourself: F2, so we can hide those cells by setting the font color to white.
Again, this tabe a two-input data table. So, the rule will be:. In the format, set the font color to white. You tahle see how the rules are created. Time value of money tables are very easy to use because they provide a “factor” that is multiplied by a present value, future value, or annuity payment to find the answer. Start by adding some data in row 7.
Mathematical Tables – Fundamentals of Financial Management, Third Edition [Book]
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. Excel does this repeatedly to fill in the table. So, armed with the appropriate table and a way to multiply any calculator or even with pencil and paper you too can easily solve time value of money problems.
The tables are almost identical, except for the text in A9 and the formula in A The third rule will hide everything outside of the visible part of the table as defined by the values in B5: This leads to the following dialog box:. 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.
Fundamentals of Financial Management, Third Edition by Vyuptakesh Sharan
We want to create rules that are based on formulas, so taboe the last item in the Rule Type list Use a formula to determine which cells to format. It works by substituting the a value from the top row and left column into the cells specified F1 and F2. Not too bad, but the tables that we create here can easily have the exact interest rate that you need. The key to creating the tables is to understand that they are all based upon the basic time value of money formulas.
So we will simply copy the PVIF worksheet. Choose New Rule from the menu. 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. To test it, change B6 to, say, 10 and make sure that only A To set up the rules, select a cell or range and then click the Conditional Formatting button on the Home tab of the ribbon. Go to the Number tab and choose the Custom category.
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 For the text in A9 we need to specify slightly different text depending on the type of annuity. Click the OK button to apply the custom number format. In B7 we will enter another data validation rule.
In A7 enter “Type” for the type of annuity. This feature is typically used for sensitivity analysis. But what happens if the interest rate is 3. If you change to an annuity due in B7 then, for reference, you should get 1.