7/29/2019 TT12 - Excel Financial Calculator

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6-Nov-07

Purpose:

The purpose of this spreadsheet is to give an Excel template for a financial calculator.

It is written in Excel, and uses the Excel financial functions. Again, as with all

financial estimates, if you use reasonable estimates your results are likely to be

reasonable as well.

Disclosure:

The purpose of this spreadsheet and this class is to help you get your financial house in

order and to help you on your road to financial self-reliance. If there are mistakes in this

spreadsheet, please bring them to our attention and we will correct them in upcoming

versions. The teacher, and BYU, specifically disclaim any liability, or responsibility forclaims, loss, or risk incurred, directly or indirectly, from using this material.

Instructions:

Note: Input data in the green cells only. Hit [Clear] after each problem to clear the

information. If the answer is #DIV/0, there is likely not enough information to

answer the problem. Use the Inputs Needed Table (in yellow) to make sure you

have sufficient information to solve the problem.

In using this calculator, assume that money you pay out to invest is negative, i.e.

you pay it out. Then, when you receive money the sign should be positive, i.e.you receive the money.

For example, you have invested $3,000 each year for 15 years at 8% interest.

Since you pay the $3,000 out each year the sign should be negative. When you

solve for your Future Value [Calculate FV] the answer will come back a positive

number, i.e. PMT = -3,000, N = 15, P/Y = 1, I = 8%, then solve for Future

Value [Calculate FV] = $81,456. This is the amount of money you will have at

the end of 15 years assuming your investments returned 8% each year.

Teaching Tool 12 - Financial Calculator for Excel

Personal Finance: Another Perspective

7/29/2019 TT12 - Excel Financial Calculator

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7/29/2019 TT12 - Excel Financial Calculator

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PV N I FV PMTPresent Value = PV PV x x x

x x x

Total Periods = N x x x x

Payments/Year = P/YR FV x x x

x x x

Annual Interest = I x x x x

I x x x

Future Value = FV x x x

x x x x

Payments = PMT PMT x x x

x x x

Type = Type: x x x xEnd = 0 N x x x

Begin = 1 x x x x

x x x

Instructions:

Note: Input data in the green cells only. Hit [Clear] after each problem to clear the information.

If the answer is #DIV/0, there is likely not enough information to answer the problem. Use the

Inputs Needed Table (in yellow) to make sure you have sufficient information to solve the problem.

In using this calculator, assume that money you pay out to invest is negative, i.e. you pay it out.

Then, when you receive money the sign should be positive, i.e. you receive the money.

For example, you have invested $3,000 each year for 15 years at 8% interest. Since you pay the

$3,000 out each year the sign should be negative. When you solve for your Future Value [Calculate

FV] the answer will come back a positive number, i.e. PMT = -3,000, N = 15, P/Y = 1, I = 8%, then

solve for Future Value [Calculate FV] = $81,456. This is the amount of money you will have at the

end of 15 years assuming your investments returned 8% each year.

Inputs Needed

Teaching Tool 12 - Financial Calculator for Excel

Personal Finance: Another Perspective