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Excel Essentials For Beginners Templates Workbook
Excel Essentials For Beginners Templates Workbook
Interest Rate
Year
Cash Balance
0
1,000.00
1
2
3
4
5
6
7
8
9
10
Note: This discrete annual compound interest example is from Simon Benninga, Principles of Finance with Exce
Oxford University Press (2011) pp. 683-693
"(6-3)"
"^"
"*"
"/"
"+"
"-"
A
1
2
3
4
5
6
7
8
9
10
11
12
natural log
"ln"
Example
log to the base "e" of 1.5
pi
"pi()"
72.94
72.13
74.19
71.08
73.68
70.45
70.11
69.09
67.51
68.44
69.41
64.62
63.48
67.95
64.6
64.05
71.2
68.73
65.57
64.37
59.74
59.76
60.76
59.92
59.91
61.98
63.26
60.3
58.11
56.98
56.73
57.12
58.97
55.88
54.07
52.93
50.07
48.56
49.16
48.95
4/1/2011
3/1/2011
2/1/2011
1/3/2011
12/1/2010
11/1/2010
10/1/2010
9/1/2010
8/2/2010
7/1/2010
6/1/2010
5/3/2010
4/1/2010
3/1/2010
2/1/2010
1/4/2010
12/1/2009
11/2/2009
10/1/2009
9/1/2009
8/3/2009
7/1/2009
6/1/2009
5/1/2009
4/1/2009
3/2/2009
2/2/2009
1/2/2009
12/1/2008
11/3/2008
10/1/2008
9/2/2008
8/1/2008
7/1/2008
6/2/2008
5/1/2008
4/1/2008
3/3/2008
2/1/2008
1/2/2008
12/3/2007
11/1/2007
10/1/2007
1363.61
1325.83
1327.22
1286.12
1257.64
1180.55
1183.26
1141.2
1049.33
1101.6
1030.71
1089.41
1186.69
1169.43
1104.49
1073.87
1115.1
1095.63
1036.19
1057.08
1020.62
987.48
919.32
919.14
872.81
797.87
735.09
825.88
903.25
896.24
968.75
1166.36
1282.83
1267.38
1280
1400.38
1385.59
1322.7
1330.63
1378.55
1468.36
1481.14
1549.38
48.08
46.79
46.38
45.47
45.29
44.63
45.7
44.44
43.11
42.32
39.59
39.49
40.94
39.81
39.89
39.74
41.38
40.1
37.47
37.29
36.69
36.11
34.03
33
31.68
32.85
30.9
34.23
33.91
35.16
36.47
38.81
38.83
38.64
38.2
40.62
39.78
38.78
38.1
40.04
43.3
42.49
40.69
9/4/2007
8/1/2007
7/2/2007
6/1/2007
5/1/2007
4/2/2007
3/1/2007
2/1/2007
1/3/2007
12/1/2006
11/1/2006
10/2/2006
9/1/2006
8/1/2006
7/3/2006
6/1/2006
5/1/2006
4/3/2006
3/1/2006
2/1/2006
1/3/2006
12/1/2005
11/1/2005
10/3/2005
9/1/2005
8/1/2005
7/1/2005
6/1/2005
5/2/2005
4/1/2005
3/1/2005
2/1/2005
1/3/2005
12/1/2004
11/1/2004
10/1/2004
9/1/2004
8/2/2004
7/1/2004
6/1/2004
5/3/2004
4/1/2004
3/1/2004
1526.75
1473.99
1455.27
1503.35
1530.62
1482.37
1420.86
1406.82
1438.24
1418.3
1400.63
1377.94
1335.85
1303.82
1276.66
1270.2
1270.09
1310.61
1294.87
1280.66
1280.08
1248.29
1249.48
1207.01
1228.81
1220.33
1234.18
1191.33
1191.5
1156.85
1180.59
1203.6
1181.27
1211.92
1173.82
1130.2
1114.58
1104.24
1101.72
1140.84
1120.68
1107.3
1126.21
39.67
38.93
35.72
38.39
40.99
42.6
42.13
40.86
40.46
39.66
37.88
37.4
35.7
35.46
35.46
34.35
33.01
33.69
33.73
32.86
32.44
31.41
30.74
29.94
32.99
32.78
33.4
33.62
31.08
32.68
31.36
30.22
29.69
28.08
28.02
26.9
25.1
24.28
23.28
21.97
21.59
22.49
24.13
2/2/2004
1/2/2004
12/1/2003
11/3/2003
10/1/2003
9/2/2003
8/1/2003
7/1/2003
6/2/2003
5/1/2003
4/1/2003
3/3/2003
2/3/2003
1/2/2003
12/2/2002
11/1/2002
10/1/2002
9/3/2002
8/1/2002
7/1/2002
6/3/2002
5/1/2002
4/1/2002
3/1/2002
2/1/2002
1/2/2002
12/3/2001
11/1/2001
10/1/2001
9/4/2001
8/1/2001
7/2/2001
6/1/2001
5/1/2001
4/2/2001
3/1/2001
2/1/2001
1/2/2001
12/1/2000
11/1/2000
10/2/2000
9/1/2000
8/1/2000
1144.94
1131.13
1111.92
1058.2
1050.71
995.97
1008.01
990.31
974.5
963.59
916.92
848.18
841.15
855.7
879.82
936.31
885.76
815.28
916.07
911.62
989.82
1067.14
1076.92
1147.39
1106.73
1130.2
1148.08
1139.45
1059.78
1040.94
1133.58
1211.23
1224.38
1255.82
1249.46
1160.33
1239.94
1366.01
1320.28
1314.95
1429.4
1436.51
1517.68
23.45
22.91
21.56
19.02
18.84
18.49
17.73
17.93
20.39
19.8
17.68
14.62
13.58
16.81
19.29
19.49
19.93
19.02
26.1
24.54
29.94
30.82
36.63
36.12
33.73
33.06
37.22
34.27
36.16
35.64
37.01
36.09
36.46
42.73
43.43
39.7
37.85
33.74
39.33
41.49
39.62
39.31
34.29
7/3/2000
6/1/2000
5/1/2000
4/3/2000
3/1/2000
2/1/2000
1/3/2000
1430.83
1454.6
1420.6
1452.43
1498.58
1366.42
1394.46
28.05
25.63
26.49
25.9
23.65
21.85
25.75
d pairs)
14.58 years
Date
S&P 500 Index
Duke Energy Stock
2/1/2000
-2.03%
-16.42%
3/1/2000
9.23%
7.92%
4/3/2000
-3.13%
9.09%
5/1/2000
-2.22%
2.25%
6/1/2000
2.37%
-3.30%
7/3/2000
-1.65%
9.02%
8/1/2000
5.89%
20.09%
9/1/2000
-5.50%
13.66%
###
-0.50%
0.79%
###
-8.35%
4.61%
###
0.40%
-5.35%
1/2/2001
3.41%
-15.33%
2/1/2001
-9.68%
11.49%
3/1/2001
-6.64%
4.77%
4/2/2001
7.40%
8.98%
5/1/2001
0.51%
-1.62%
6/1/2001
-2.54%
-15.87%
7/2/2001
-1.08%
-1.02%
8/1/2001
-6.63%
2.52%
9/4/2001
-8.53%
-3.77%
###
1.79%
1.45%
###
7.25%
-5.37%
###
0.75%
8.26%
1/2/2002
-1.57%
-11.85%
2/1/2002
-2.10%
2.01%
3/1/2002
3.61%
6.85%
4/1/2002
-6.34%
1.40%
5/1/2002
-0.91%
-17.27%
6/3/2002
-7.52%
-2.90%
7/1/2002
-8.23%
-19.89%
8/1/2002
0.49%
6.16%
9/3/2002
###
###
###
1/2/2003
2/3/2003
3/3/2003
4/1/2003
5/1/2003
6/2/2003
7/1/2003
8/1/2003
9/2/2003
###
###
###
1/2/2004
2/2/2004
3/1/2004
4/1/2004
5/3/2004
6/1/2004
7/1/2004
8/2/2004
9/1/2004
###
###
###
1/3/2005
2/1/2005
3/1/2005
4/1/2005
-11.66%
8.29%
5.55%
-6.22%
-2.78%
-1.71%
0.83%
7.79%
4.96%
1.13%
1.61%
1.77%
-1.20%
5.35%
0.71%
4.95%
1.71%
1.21%
-1.65%
-1.69%
1.20%
1.78%
-3.49%
0.23%
0.93%
1.39%
3.79%
3.19%
-2.56%
1.87%
-1.93%
-2.03%
-31.64%
4.67%
-2.23%
-1.03%
-13.76%
-21.34%
7.38%
19.00%
11.32%
2.94%
-12.86%
-1.12%
4.20%
1.88%
0.95%
12.53%
6.07%
2.33%
2.86%
-7.04%
-4.08%
1.74%
5.79%
4.21%
3.32%
6.93%
4.08%
0.21%
5.58%
1.77%
3.70%
4.12%
5/2/2005
6/1/2005
7/1/2005
8/1/2005
9/1/2005
###
###
###
1/3/2006
2/1/2006
3/1/2006
4/3/2006
5/1/2006
6/1/2006
7/3/2006
8/1/2006
9/1/2006
###
###
###
1/3/2007
2/1/2007
3/1/2007
4/2/2007
5/1/2007
6/1/2007
7/2/2007
8/1/2007
9/4/2007
###
###
###
2.95%
-0.01%
3.53%
-1.13%
0.69%
-1.79%
3.46%
-0.10%
2.51%
0.05%
1.10%
1.21%
-3.14%
0.01%
0.51%
2.11%
2.43%
3.10%
1.63%
1.25%
1.40%
-2.21%
0.99%
4.24%
3.20%
-1.80%
-3.25%
1.28%
3.52%
1.47%
-4.50%
-0.87%
-5.02%
7.86%
-0.66%
-1.87%
0.64%
-9.70%
2.64%
2.16%
3.23%
1.29%
2.61%
-0.12%
-2.04%
3.98%
3.18%
0.00%
0.67%
4.65%
1.28%
4.59%
2.00%
0.98%
3.06%
1.11%
-3.85%
-6.55%
-7.21%
8.61%
1.88%
2.54%
4.33%
1.89%
1/2/2008
2/1/2008
3/3/2008
4/1/2008
5/1/2008
6/2/2008
7/1/2008
8/1/2008
9/2/2008
###
###
###
1/2/2009
2/2/2009
3/2/2009
4/1/2009
5/1/2009
6/1/2009
7/1/2009
8/3/2009
9/1/2009
###
###
###
1/4/2010
2/1/2010
3/1/2010
4/1/2010
5/3/2010
6/1/2010
7/1/2010
8/2/2010
-6.31%
-3.54%
-0.60%
4.65%
1.06%
-8.99%
-0.99%
1.21%
-9.52%
-18.56%
-7.78%
0.78%
-8.95%
-11.65%
8.20%
8.98%
5.17%
0.02%
7.15%
3.30%
3.51%
-2.00%
5.58%
1.76%
-3.77%
2.81%
5.71%
1.47%
-8.55%
-5.54%
6.65%
-4.86%
-7.83%
-4.97%
1.77%
2.55%
2.09%
-6.14%
1.15%
0.49%
-0.05%
-6.22%
-3.66%
-3.62%
0.94%
-10.23%
6.12%
-3.63%
4.08%
3.07%
5.93%
1.59%
1.62%
0.48%
6.78%
3.14%
-4.04%
0.38%
-0.20%
2.80%
-3.61%
0.25%
6.67%
1.85%
9/1/2010
###
###
###
1/3/2011
2/1/2011
3/1/2011
4/1/2011
5/2/2011
6/1/2011
7/1/2011
8/1/2011
9/1/2011
###
###
###
1/3/2012
2/1/2012
3/1/2012
4/2/2012
5/1/2012
6/1/2012
7/2/2012
8/1/2012
9/4/2012
###
###
###
1/2/2013
2/1/2013
3/1/2013
4/1/2013
8.39%
3.62%
-0.23%
6.33%
2.24%
3.15%
-0.10%
2.81%
-1.36%
-1.84%
-2.17%
-5.85%
-7.45%
10.23%
-0.51%
0.85%
4.27%
3.98%
3.09%
-0.75%
-6.47%
3.88%
1.25%
1.96%
2.39%
-2.00%
0.28%
0.70%
4.92%
1.10%
3.54%
1.79%
3.04%
2.80%
-2.37%
1.47%
0.40%
1.98%
0.88%
2.72%
1.79%
0.43%
-1.23%
3.06%
5.55%
2.13%
3.29%
5.38%
-3.19%
-0.69%
0.44%
1.96%
3.70%
4.79%
-2.04%
-3.40%
0.02%
1.39%
-1.66%
-0.03%
7.46%
1.85%
4.71%
3.53%
5/1/2013
6/3/2013
7/1/2013
8/1/2013
9/3/2013
###
###
###
1/2/2014
2/3/2014
3/3/2014
4/1/2014
5/1/14
6/2/2014
7/1/2014
8/1/14
2.06%
-1.51%
4.83%
-3.18%
2.93%
4.36%
2.77%
2.33%
-3.62%
4.22%
0.69%
0.62%
2.08%
1.89%
-1.52%
-0.29%
-10.58%
0.86%
5.06%
-6.80%
1.78%
7.15%
-1.41%
-1.37%
2.31%
1.47%
0.48%
4.48%
-3.59%
4.28%
-2.82%
1.12%
Cash Balance
0
$1,000.00
1
$1,100.00
2
$1,210.00
3
$1,331.00
4
$1,464.10
5
$1,610.51
6
$1,771.56
7
$1,948.72
8
$2,143.59
9
$2,357.95
10
$2,593.74
(2) What initial balance, at an interest rate of 10%, results in $5,000 after 10 ye
00 at 7% be worth $5,000?
nging number of years is located in one cell location
Cash Balance
0 $1,000.00
1 $1,070.00
2 $1,144.90
3 $1,225.04
4 $1,310.80
5 $1,402.55
6 $1,500.73
7 $1,605.78
8 $1,718.19
9 $1,838.46
10 $1,967.15
10
h $5,000?