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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Apply a border to the bottom using the Format button. The results will be placed into an array at the intersection of the appropriate row and column.

## Future Value Factor Calculator

Virtually every finance textbook has, at the back, a series of tables that contain multipliers that can be used to easily calculate present or future values without the need for a financial calculator. Note that the PV function is only used in the upper-left corner of the table.

To set the custom number format, select A10 and then right click and choose Format Cells. How much do you need to deposit today in order to achieve your goal? You will now see the following dialog box:. You can see how the rules are created. This feature is typically used for sensitivity analysis. If you change B6 to 15, then A It can also add to the functionality. We will use the following IF statement:.

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. The first rule will create the shading and borders for the top row of our table. Notice that the value in A10 has changed to 0. In fact, it just confuses things. 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.

Select the entire table A This allows us 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. Select B1 and then click the Data Validation button on the Data tab. Please note that the actual numbers in F1 and F2 do not matter at all because Excel is going to replace them to create the table.

### Mathematical Tables – Fundamentals of Financial Management, Third Edition [Book]

Start by adding some data in row 7. Our PVIF table will serve as a template for each of the other three tables. 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. So, essentially what happens in the data table is that Excel will plug numbers into F1 and F2 and then recalculate the formula in Fvit We want the period numbers to have tale decimal places and to be roughly centered in column A.

The average is 0. Substituting 1 for FV, 3 for N, and 0. In the format, set the font color to white. The PVIF is 0.

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. Note that this does not change the formula or the result, only what appears in the cell.

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. That is the same as the PVIF that we originally pulled from the table. You can also create a one-input data table by specifying only the row or column input cell, but that wouldn’t suit the purpose here.

To set up the rules, select a cell or range and then click the Conditional Formatting button on the Home tab of the ribbon. 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.

For example, we don’t want them to enter a negative interest rate in B1. Click B7 and then the Data Validation button.

### Future Value Factor Calculator

In A7 enter “Type” for the type of annuity. Note that the underscores add spaces to the number format, and that the right paren at the end is required.

F2, so we can hide those cells by setting the font color to white. You can try it yourself: Since we are building these tables with Excel, we can use its built-in functions PV in this case instead of the mathematical formula.

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.

## Future Value of $1 Table Creator

So, we will apply a custom format to display the text “Period” instead of the result of the formula. 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.

This will launch the following dialog box:. Click OK to apply the formatting rule. K10 have this format. 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.

Note that we still need slightly different formulas, depending on the type of annuity as described above. This leads to the following dialog box:. For the interest rate we want to allow any decimal number between 0 and 0. Click the OK button to apply the custom number format.