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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Apply a border to the bottom using the Format button.
So we will simply copy the PVIF worksheet. Go to the Number tab and choose the Custom category.
In the Type edit box, enter “Period” include the quotation marks. Click the OK button to apply the custom number format. For example, we don’t want them to enter a negative interest rate in B1.
P10 should have the format. Be sure to click the Create a Copy box at the bottom of the dialog box. So, the rule will be:.
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. How rvifa do you need to deposit today in order to achieve your tble Select the entire table A 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. For the text in A9 we need to specify slightly different text depending on the type of annuity.
For example, we might want to see how the present value changes when both the interest rate and number of periods changes.
FVIFA Calculator – Calculate Future Value Interest Factor of Annuity
The key to creating the tables is to understand that they are all based upon the basic time value of money formulas.
Here is a small 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:.
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 We can do this by applying some data validation rules to those cells. Again, this is a two-input data table. Note that this does not change the formula or the result, only what appears in the cell.
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.
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. 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.
Note that we still need slightly different formulas, depending on the type of annuity as described above. We don’t need to use that setting here, but you should be aware that it exists. This tutorial will demonstrate how to create these tables using Excel. 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.
In A7 enter “Type” for the type of annuity. Note that the PV function is only used in the upper-left corner of the table. For regular annuities this argument is 0, but for annuities due it is 1.
K10 have this format. You can try it yourself: You will now see the following dialog box:. This leads to the following dialog box:. Conditional formatting changes the look of a cell or range when certain conditions are met.