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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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. You will now see the following dialog box:. Before creating the data table, I should explain the data in E1: To set the custom number format, select A10 and then right click and choose Format Cells. This will launch the following dialog box:. Only the formatting of the result has been changed. Click B7 and then the Data Validation button.
Please note that the actual numbers in F1 and Fvkfa do not matter at all because Excel is going to replace them to create the table. The average is 0.
They must be formulas that will evaluate to either True or False. Let’s set one more custom number format, this time in A It works by substituting the a value from the top row and left column into the cells specified F1 and F2. As noted, these tables provide a great deal of flexibility.
Time Value of Money Tables in Excel |
So we will simply copy the PVIF worksheet. To set up the rules, select a cell or range and then click the Conditional Formatting button on the Home tab of the ribbon.
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 will provide the user with a drop-down list from which they can choose the type of fvif. If you change to an annuity due in B7 then, for reference, you should get tabpe. In the format, set the font fbifa to white. 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.
Our PVIF table will serve as a template for each of the other three tables.
FVIFA Calculator – Calculate Future Value Interest Factor of Annuity
The fourth, and final, rule will underline the last visible row, but only in visible columns. The rest of the table is filled in automatically when we use the Data Table command. Here is a small piece of the FVIF table so that you can be sure that yours is correct:. Select B1 and then click the Data Validation button on the Data tab. Click OK to apply the formatting rule. This allows fvifz 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.
However, we need to clean this up a bit to make it more functional.
Choose Decimal from fivfa Allow list, between from the Data list, set the minimum to 0, and the maximum to 0. To create the data table we need to select A We will use the following IF statement:. The Table function will display that array in our table area B Apply a format by clicking the Format button and apply some borders, background shading, and a bold font. The tables are almost identical, except for the text in A9 and the formula in A 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.
Apply a format with a border on the right edge only, and set the font to bold. 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. Click the OK button to apply the custom number format. In this case, the table provides a factor txble is multiplied by a future value of a lump sum cash flow in order to obtain its present value.
Select the entire table A This tells Excel to display the word “Period” regardless of the result of the formula. Since we are building these tables with Excel, we can use its built-in functions PV in this case instead of the mathematical formula. Note that the PV function is only used in the upper-left corner of the table. Note that this does not change the formula or the result, only what appears in the cell.
Let’s take care of a couple of simple items first.
The PVIF is 0. This feature is typically used for sensitivity analysis. Not too bad, but the tables that we create here can easily have the exact interest rate that you need.
If you change the value in B1, for example, then the interest rates in the table will change, and the interest factors will be recalculated as well. AE10 and then call up the dialog box above.
We can do this by applying some data validation rules to those cells. That will preserve the data, but it will be invisible because the font color is the same as the background color.