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

In this section we will see how to apply several different kinds of formatting and data validation rules to make the TVM tables more flexible and functional. Before creating the data table, I should explain the data in E1: That is the same as the PVIF that we originally pulled from the table. The key to creating the tables is to understand that they are all based upon the basic time value of money formulas. This rule checks to see that it is in column A and that the row number is in the visible range.

### FVIFA Calculator – Tool Slick

Notice that the fviffa in A10 has changed to 0. Conditional formatting changes the look of a cell or range when certain conditions are met. Once we get this working properly, we can simply copy the worksheet and then change the formula that drives the table. This tells Excel to display the word “Period” regardless of the result of the formula.

You can try it yourself: In A7 enter “Type” for the type of annuity. Note that we still need slightly different formulas, depending on the type of annuity as described above.

That will preserve the data, but it tahle be invisible because the font color is the same as the background color. Be sure to click the Create a Copy box at the bottom of the dialog box. Note that the PV function is only used in the upper-left corner of the table.

To set up the rules, select a cell or range fvkfa then click the Conditional Formatting button on the Home tab of the ribbon. The first rule will create the shading and borders for the top row of our table.

The formula in A10 is:. Note that the underscores add spaces to the number format, and that the right paren at the end is required. So, we will apply a custom format to display the text “Period” instead of the result of the formula.

The results will be placed into an array at the intersection of the appropriate row and column. The tables are almost identical, except for the text in A9 and the formula in A Let’s take care of a couple of simple items first. If you change to an annuity due in B7 then, for reference, you should get 1. This tutorial will demonstrate how to create these tables using Excel. We don’t need to see the contents of E1: Note that this does not change the formula or the result, only what appears in the cell.

Excel does this repeatedly to fill in the table.

The average is 0. Select B1 and then click the Data Validation button on the Data fvlfa. Here is a small piece of the FVIF table so that you can be sure that yours is correct:.

At this point the PVIF table is fully functional. In recent years these tables have slowly given way to financial calculators, but they are still widely used by some professors and on some professional exams. 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.

Go to the Number tab and choose the Custom category. How much do you need to deposit today in order to achieve your goal?

Then you have to interpolate because 3. This will provide the user with a drop-down list from which they can choose the type of annuity. For example, we might want fbifa see how the present value changes when both the interest rate and number of periods changes.