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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AE70 and then use this rule:. Conditional formatting changes the look of a cell or range when certain conditions are met. Here is a small piece of the FVIF table so that you can be sure tahle yours is correct:.

### FVIFA Calculator – Tool Slick

Your worksheet should now look like the one below, except for the shading in row The fourth, and final, rule will underline the last visible row, but only in visible columns. The snippet below shows the fvia that are in the PVIF table from above:. The first rule will create the shading and borders for the top row of our table.

Choose New Rule from the menu. How much do you need to deposit today in order to achieve your goal? This leads to the following dialog box:.

We want the period numbers to have two decimal places and to be roughly centered in column A. We want to create rules that are based on formulas, so choose the last item in the Rule Type list Use fgifa formula to determine which cells to format.

Note that we still need slightly different formulas, depending on the type of annuity as described above. To set the custom number format, select A10 and then right click and choose Format Cells.

For example, we don’t want them to enter a negative interest rate in B1. Again, this is a two-input data table.

Go to the Number tab and choose the Custom category. Excel does this repeatedly to fill in the table.

## FVIFA Calculator

In this case, the table provides a factor fvida is multiplied by a future value of a lump sum cash flow in order to obtain its present value. 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.

Note that if you look at the formula bar you will see that the formula is still there. If you change B6 to 15, then A Note that the underscores add spaces to the number format, and that the right paren at the end is required. Formatting isn’t just for making your spreadsheet pretty.

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. The format mask to do that is 0. A70 and tzble create this formatting rule:.

This tutorial will demonstrate how to create these tables using Excel.

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

### Time Value of Money Tables in Excel |

The complication is because we want the table to handle both regular annuities and annuities due. You can see how the rules are created. Apply a border to the bottom using the Format button. 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. AE10 and then call up the dialog box above. F2, so we can hide those cells by setting the font color to white.

That will preserve the data, but it will be invisible because the font color is the same as the background color.