This workbook provides a series of time value of money interest factor

tables, similar to those seen at the back of many finance textbooks. The
values presented in the tables are multipliers. So, if you wanted to
know the present value of $100 to be received in 5 years at 10%
interest, you would look up the value in the PVIF table (10% column, 5
period row) and multiply it by 100:
PV of $100 in 5 Years at 10% = 100 x 0.6209 = 62.09
The other tables work similarly, but for different types of cash flows.
The interest factors are typically labeled PVIF, FVIF, PVIFA, FVIFA (the
latter two are for annuities). The two annuity tables will work for either
regular annuities or annuities due. Simply set the Type to either Regular
or Due in in the drodown list in cell B7 of those sheets.

The tables have been set up so that you have a great deal of flexibility.
You can set the starting interest rate, the amount by which the rate
increases, the number of columns (30 or fewer), and the number of
rows (60 or fewer). I use Conditional Formatting to hide any columns or
rows that you may have excluded.

If you wish to change the number of decimal places shown, simple

select the table and set the number of decimal places. Most books
show only 4 or 5, which limits accuracy.

Timothy R. Mayes, Ph.D.

mayest@mscd.edu
http://www.tvmcalcs.com
Start Rate 1.00% Rate 1.00%
Step Rate By 1.00% Period 1
Start Period 1.00
Step Period by 1.00
Rows 60.00
Columns 15.00

Present Value of $1 to be Received at the End of N Periods (PVIF)

Period 1.00% 2.00% 3.00% 4.00% 5.00% 6.00%
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Start Rate 1.00% Rate 0.00%
Step Rate By 1.00% Period 0
Start Period 1.00
Step Period by 1.00
Rows 60.00
Columns 15.00

Future Value of $1 Invested Today at the End of N Periods (FVIF)

Period 1.00% 2.00% 3.00% 4.00% 5.00% 6.00%
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Start Rate 1.00% Rate 1.00%
Step Rate By 1.00% Period 0
Start Period 1.00
Step Period by 1.00
Rows 60.00
Columns 15.00
Type Regular

Present Value of an Annuity of $1 per Period for N Periods (PVIFA)

Period 1.00% 2.00% 3.00% 4.00% 5.00% 6.00%
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Start Rate 1.00% Rate 1.00%
Step Rate By 1.00% Period 1
Start Period 1.00
Step Period by 1.00
Rows 60.00
Columns 15.00
Type Regular

Future Value of an Annuity of $1 per Period at the End of N Periods (FVIFA)

Period 1.00% 2.00% 3.00% 4.00% 5.00% 6.00%
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28.00% 29.00% 30.00%
This workbook is Copyright 2008 by Timothy R. Mayes, Ph.D.

Please visit: http://www.tvmcalcs.com/

You are free to use and redistribute it as long as this notice is kep intact.
However, I retain all rights to the worksheet.