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    Mod13 a bv3 Mod13 a bv3 Document Transcript

    • Module 13AB ANNUITY CALCULATIONS OBJECTIVE: This program deals with the calculation of both the present value and future value of annuities, as well as the calculation of the amount of each payment (annuity) if the present or future value of the annuity is given. INPUTS (will appear in blue): The required inputs are specified at the beginning of each example and worksheet. The interest rate is to be entered as a decimal. Sample data have been entered as an example. I. CALCULATING THE PRESENT AND FUTURE VALUES OF ANNUITIES A. Present value of an annuity Enter the amount of each payment, A (in cell E27), the interest rate, i (in cell F27), and the number of payments, n (in cell G27). What is the present value of this annuity? A i n -------------- -------------- -------------- Enter variables: 1000 0.08 5 -------------- -------------- -------------- Answer: 3992.71 B. Future value of an annuity Enter the amount of each payment, A (in cell E40), the interest rate, i (in cell F40), and the number of payments, n (in cell G40). What is the future value of this annuity? A i n -------------- -------------- -------------- Enter variables: 1000 0.08 5 -------------- -------------- -------------- Answer: 5866.60 II. CALCULATING THE ANNUITY A. Present value
    • Enter the present value of the annuity, PVA (in cell E55), the interest rate, i (in cell F55), and the number of payments, n (in cell G55). What is the amount of each annuity payment? PVA i n -------------- -------------- -------------- Enter variables: 5000 0.08 5 -------------- -------------- -------------- Answer: 1252.28 B. Future value Enter the future value of the annuity, FVA (in cell E68), the interest rate, i (in cell F68), and the number of payments, n (in cell G68). What is the amount of each annuity payment? FVA i n -------------- -------------- -------------- Enter variables: 10000 0.08 5 -------------- -------------- -------------- Answer: 1704.56