Annuity Formulas

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Financial Table Formulas

254421740.xls.ms_office

Atrill/Hurley
Financial Management for Decision Makers
Canadian Edition
Financial Table Formulas

Table A1: Future Value Interest Factor (FVIF)
Variable designations:
r
interest rate
n
number of periods
Inputs:
r
n

-

(for non-zero r)

Output:
FVIF =

#VALUE!

Excel Formula
=(1+$B$14)^$B$15

Table A2: Present Value Interest Factor (PVIF)
Variable designations:
r
discount rate
n
number of periods
Inputs:
r
n

-

(for non-zero r)

Output:
PVIF =

#VALUE!

Excel Formula
=1/(1+$B$23)^$B$24

Table A3: Future Value Interest Factor for an Annuity (FVIFA)
Variable designations:
r
interest rate
n
number of annuity payments
Inputs:
r
n

-

(for non-zero r)

Output:
FVIFA = #VALUE!

Excel Formula
=((1+$B$32)^$B$33-1)/$B$32

Table A4: Present Value Interest Factor for an Annuity (PVIFA)
Variable designations:
r
discount rate
n
number of annuity payments
Inputs:
r
n

-

(for non-zero r)

Output:
PVIFA = #VALUE!

Excel Formula
=(1/$B$41)-(1/($B$41*(1+$B$41)^$B$42))

Table B: Annual Equivalent Factor Table (An,r-1)
Variable designations:
r
discount rate
n
number of annuity payments
Inputs:
r
n

-

(for non-zero r)

Copyright © 2009 Pearson Education Canada

Output:
An.r-1

#VALUE!

Excel Formula
=1/((1/$B$50)-(1/($B$50*(1+$B$50)^$B$51)))

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