Sample Files for Excel 2010 In Depth

by Bill Jelen
(ISBN 978-0-7897-4308-4)

Chapter 13
Financial Functions
Loan Amount -29000 Negative, as the money is leaving the bank
Rate 5% Annual rate; divide by 12 in the function
Term 60 Months

PMT $547.27 =PMT(B2/12,B3,B1)

Total Paid $32,835.95

=B3*B5

Số tiền vay 500,000,000.00

Lãi suất vay 6.50% năm 0.54% tháng
Thời hạn vay 15 năm 180 tháng
Số tiền phải trả hàng tháng -4332071.44
Term 60 Months of the loan
Payment 377 Monthly payment
Loan Amount -20000 Amount of the loan

Annual rate of the loan with the above terms

Rate 4.95% =RATE(B1, B2, B3)*12

Tính lãi suất vay IPHONE 7

Giá IPHONE 7 22,290,000.00
Trả trước 40% 8,916,000.00
Còn lại (số tiền vay) 13,374,000.00 PV
Số tiền trả hàng tháng 1,373,500.00 PMT
Số tháng 12
Lãi suất ??? 3.37% tháng 40.45%
Số tiền tương lai 1,000,000,000.00
RATE 6% năm 0.005
Số kì hạn 10 năm 120
Số tiền bỏ vào hàng năm (50,000,000.00) 4,000,000.00
Số tiền hiện tại (đồng190,390,424.34) (đồng909,926,546.67)
-190,390,424.34 VND
Nest Egg Today 457124 Value of retirement account
Monthly Withdrawal -2800 Desired monthly withdrawal
Interest Rate 3.5% Assumed interest rate

Months 222.01 =NPER(B3/12,B2,B1)

Years 18.5 =B5/12

Số tiền vay 500,000,000.00

Số tiền trả hàng kỳ 10,000,000.00
Lãi suất 10% năm 0.008333
Số kỳ 65 tháng 5.41
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Age Now 25
Retirement Age 65
Number of Months 480 =(B2-B1)*12
Monthly Savings 125
Interest Rate 6%
Savings Balance Now 542

Future Value $254,875.28 =FV(B5/12,B3,-B4,-B6)

Số tiền gởi ban đầu (500,000,000.00) (500,000,000.00)

Số tiền gởi vào cuối năm (50,000,000.00) (4,000,000.00)
Lãi suất tiền gởi 6.00% 0.49% 5.90%
Số kỳ gởi 10 120
Số tiền sau 10 năm 1,554,463,595.39 VND 1,552,663,203.42 VND
 A
Data
6%
12
-100
-1000
1
Formula
#REF!
Loan Amt -22000
Rate 5%
Term 48
PMT 506.644459
A9: =ROW(1:1)
B9: =PPMT($B$2/12,A9,$B$3,$B$1)
C9: =IPMT($B$2/12,A9,$B$3,$B$1)
Month Principal Interest
1 $414.98 $91.67
2 $416.71 $89.94
3 $418.44 $88.20
4 $420.19 $86.46
5 $421.94 $84.71
6 $423.70 $82.95
7 $425.46 $81.18
8 $427.23 $79.41
9 $429.01 $77.63
10 $430.80 $75.84
11 $432.60 $74.05
12 $434.40 $72.25
13 $436.21 $70.44
14 $438.03 $68.62
15 $439.85 $66.79
16 $441.68 $64.96
17 $443.52 $63.12
18 $445.37 $61.27
19 $447.23 $59.42
20 $449.09 $57.55
21 $450.96 $55.68
22 $452.84 $53.80
23 $454.73 $51.92
24 $456.62 $50.02
25 $458.53 $48.12
26 $460.44 $46.21
27 $462.36 $44.29
28 $464.28 $42.36
29 $466.22 $40.43
30 $468.16 $38.49
31 $470.11 $36.54
32 $472.07 $34.58
33 $474.04 $32.61
34 $476.01 $30.63
35 $477.99 $28.65
36 $479.99 $26.66
37 $481.99 $24.66
38 $483.99 $22.65
39 $486.01 $20.63
40 $488.04 $18.61
41 $490.07 $16.58
42 $492.11 $14.53
43 $494.16 $12.48
44 $496.22 $10.42
45 $498.29 $8.36
46 $500.36 $6.28
47 $502.45 $4.20
48 $504.54 $2.10
Mortage Amt. 225,000
Rate 6%
Term 180
PMT -1,898.68 Not necessary for the calculation, here FYI
First Payment Aug-05 Cell D12 uses this in =13-MONTH(B5)

E12: =CUMIPMT($B$2/12,$B$3,$B$1,$C12,$D12,0)
F12: =CUMPRINC($B$2/12,$B$3,$B$1,$C12,$D12,0)
Payment Numbers
Year From Through Interest Principal
2005 1 5 -5,586.12 -3,907.27
2006 6 17 -12,999.39 -9,784.74
2007 18 29 -12,395.89 -10,388.24
2008 30 41 -11,755.17 -11,028.97
2009 42 53 -11,074.92 -11,709.21
2010 54 65 -10,352.72 -12,431.41
2011 66 77 -9,585.98 -13,198.15
2012 78 89 -8,771.95 -14,012.19
2013 90 101 -7,907.71 -14,876.43
2014 102 113 -6,990.16 -15,793.97
2015 114 125 -6,016.02 -16,768.11
2016 126 137 -4,981.80 -17,802.33
2017 138 149 -3,883.80 -18,900.34
2018 150 161 -2,718.06 -20,066.07
2019 162 173 -1,480.43 -21,303.70
2020 174 180 -261.88 -13,028.87
Interest Rate 6%

Compounding Periods ---->

1 4 12 365
0.06 0.0613636 0.0616778 0.0618313
=EFFECT($B$1,D4)

Mortgage Payment on 200K loan, 30 years

$1,199.10 $1,216.69 $1,220.76 $1,222.75
 Data Description
10% Annual interest rate
1 Period
3 Number of years in the investment
8000000 Amount of loan
Formula Description (Result)
-64814.81481 Interest paid for the first monthly payment of a loan with the above terms (-64814.8)
-533333.3333 Interest paid in the first year of a loan with the above terms (-533333)
Cost 120000
Salvage Value 20000
Useful Life 10 years

Straight Declining Double Sum of

Year Line Balance Declining Years Digits VDB
1 $10,000.00 $19,680.00 $24,000.00 $18,181.82 $24,000.00
2 $10,000.00 $16,452.48 $19,200.00 $16,363.64 $19,200.00
3 $10,000.00 $13,754.27 $15,360.00 $14,545.45 $15,360.00
4 $10,000.00 $11,498.57 $12,288.00 $12,727.27 $12,288.00
5 $10,000.00 $9,612.81 $9,830.40 $10,909.09 $9,830.40
6 $10,000.00 $8,036.31 $7,864.32 $9,090.91 $7,864.32
7 $10,000.00 $6,718.35 $6,291.46 $7,272.73 $6,291.46
8 $10,000.00 $5,616.54 $5,033.16 $5,454.55 $5,033.16
9 $10,000.00 $4,695.43 $132.66 $3,636.36 $132.66
10 $10,000.00 $3,925.38 $0.00 $1,818.18 $0.00

B6: =SLN($B$1,$B$2,$B$3)
C6: =DB($B$1,$B$2,$B$3,A6)
D6: =DDB($B$1,$B$2,$B$3,A6)
E6: =SYD($B$1,$B$2,$B$3,A6)
Cost 500000 Note that saying False to NoSwitch is a
Salvage Value 0 double negative. You are saying that you
Useful Life 10 do want to switch to SLN…

VDB VDB
Straight Double NoSwitch= NoSwitch=
Year Line Declining FALSE TRUE
1 $50,000.00 $100,000.00 $100,000.00 $100,000.00
2 $50,000.00 $80,000.00 $80,000.00 $80,000.00
3 $50,000.00 $64,000.00 $64,000.00 $64,000.00
4 $50,000.00 $51,200.00 $51,200.00 $51,200.00
5 $50,000.00 $40,960.00 $40,960.00 $40,960.00
6 $50,000.00 $32,768.00 $32,768.00 $32,768.00
7 $50,000.00 $26,214.40 $32,768.00 $26,214.40
8 $50,000.00 $20,971.52 $32,768.00 $20,971.52
9 $50,000.00 $16,777.22 $32,768.00 $16,777.22
10 $50,000.00 $13,421.77 $32,768.00 $13,421.77
TOTAL $500,000.00 $446,312.91 $500,000.00 $446,312.91

B6: =DDB($B$1,$B$2,$B$3,A6)
C6: =VDB($B$1,$B$2,$B$3,$A6-1,$A6,2,FALSE)
C6 Alt: =VDB($B$1,$B$2,$B$3,$A6-1,$A6)
D6: =VDB($B$1,$B$2,$B$3,$A6-1,$A6,2,FALSE)
E6: =VDB($B$1,$B$2,$B$3,$A6-1,$A6,2,TRUE)
Cost 50000
Salvage Value 5000
Useful Life 7
Start Date 5/1/2007

Start Date End Date VDB

5/1/2007 6/30/2007 $2,294.92
7/1/2007 9/30/2007 $3,278.63
10/1/2007 12/31/2007 $3,050.74
1/1/2008 3/31/2008 $2,808.57
4/1/2008 6/30/2008 $2,615.40
7/1/2008 9/30/2008 $2,461.61

A7: =B4
B7: =VDB($B$1,$B$2,$B$3*365,$A7-$B$4,$B7-$B$4,2,FALSE)
A8: =B7+1
B8: =EOMONTH(A8,2)
Discount Rate 2%
Cost of Business: -50,000
Return from year 1: -5,000
Return from year 2: 5,000
Return from year 3: 12,000
Return from year 4: 19,000
Return from year 5: 25,000

NPV 1,408

B9: =NPV(B1,B3:B7)+B2

Internal Rates of Return:

After 2 years: -72.98% =IRR(B$2:B4,-0.5)
After 3 years: -35.93% =IRR(B$2:B5,0.01)
After 4 years: -11.97% =IRR(B$2:B6)
After 5 years: 2.66% =IRR(B$2:B7)
Cost of Business: ($120,000)
Return first year 17,000
Return second year 34,000
Return third year 38,000
Return fourth year 5,000
Return fifth year 32,000
Int. rate for $120K Loan 5.00%
Int. rate for reinvested profits 2.25%

MIRR 1.9% =MIRR(B1:B6,B7,B8)

Discount Rate 4%
3/15/2001 -50,000 Buy the business
12/31/2001 -5,000 Loss in year 1
12/31/2003 5,000 profit in year 3
12/31/2004 12,000 more profit in year 4
12/31/2005 19,000 profit in year 5
2/17/2006 242,000 sell the business

XNPV 175,154 =XNPV(B1,B2:B7,A2:A7)

XIRR 40.71% =XIRR(B2:B7,A2:A7)

Settlement date 1-Sep-11 1-Sep-11 1-Sep-11
Maturity date 30-Jun-40 30-Jun-40 30-Jun-40
Percent coupon 5.00% 5.00% 5.00%
Price $95 $93 $105
Redemption value $100 $100 $100
Frequency 2 2 2
30/360 basis 0 0 0

Yield 5.34% 5.49% 4.68%

Settlement date 1-Sep-11
Maturity date 30-Jun-40
Percent coupon 5.00%
Percent Yield 5.34%
Redemption value $100
Frequency 2
30/360 basis 0

Price $ 95.02
Settlement date
Maturity date
Frequency
# days in this coupon period
# days from beginning to settlement
# days from settlement to next coupon
Previous coupon date
Next coupon date
Number of coupon dates remaining
15-Jan-11
30-Jun-40
4
90 =COUPDAYS(B$1,B$2,B$3)
15 =COUPDAYBS(B$1,B$2,B$3)
75 =COUPDAYSNC(B$1,B$2,B$3)
12/31/10 =COUPPCD(B$1,B$2,B$3)
3/31/11 =COUPNCD(B$1,B$2,B$3)
118 =COUPNUM(B$1,B$2,B$3)
Settlement Date 1-Mar-10 15-Mar-10 18-Jul-10
Maturity Date 15-Jun-18 15-Jun-18 15-Jun-18
Investment 1,000 1,000 1,000
Discount Rate 3.25% 3.25% 3.25%
Actual/360 basis 0 0 0

RECEIVED $ 1,368.72 $ 1,366.35 $ 1,345.93

Settlement date 15-Feb-11
Maturity date 15-May-12
Investment 1,000
Redemption value 1,037
Basis 0

Discount Rate 2.96% =INTRATE(B1,B2,B3,B4,B5)

B = number of days in a year

DIM = Days from settlement to maturity
Settlement date 25-Feb-10
Maturity date 15-Jun-10
Price 99.12
Redemption value 100
Basis 0

Bond Discount Rate 2.88% =DISC(B1,B2,B3,B4,B5)

B = number of days in a year

DSM = Days to Maturity
Settlement date 15-Feb-11
Maturity date 13-Apr-11
Issue date 11-Nov-10
Percent semiannual coupon 4.10%
Percent yield 4.10%
30/360 basis 0

PRICEMAT 99.9929748 =PRICEMAT(B1,B2,B3,B4,B5,B6)

Settlement date 15-Feb-11

Maturity date 13-Apr-11
Issue date 11-Nov-10
Percent semiannual coupon 4.10%
Price 100.0123
30/360 basis 0

YIELDMAT 3.98% =YIELDMAT(B10,B11,B12,B13,B14,B15)

 Description Data
Settlement date 16-Feb-11
Maturity date 1-Mar-11
Percent discount rate 3.25%
Redemption value $100
Day Basis 0

Bond Price 99.8645833 =PRICEDISC(B2,B3,B4,B5,B6)

Settlement date 16-Feb-11

Maturity date 1-Mar-11
Price 99.864583
Redemption value $100
Actual/360 basis 0

YIELDDISC 3.25% =YIELDDISC(B10,B11,B12,B13,B14)

Settlement date 31-Mar-11
Maturity date 1-Jun-11
Percent discount rate 2.375%

Bond Equivalent Yield 2.418% =TBILLEQ(B1,B2,B3)

Settlement date 31-Mar-11

Maturity date 1-Jun-11
Percent discount rate 2.375%

T-Bill Price 99.5909722 =TBILLPRICE(B7,B8,B9)

Settlement date 31-Mar-11

Maturity date 1-Jun-11
Price per $100 face value 99.42

T-Bill Yield 3.39% =TBILLYIELD(B13,B14,B15)

Issue date 1-Apr-11 1-Apr-11 1-Apr-11 1-Apr-11 1-Apr-11
First interest date 31-Aug-11 31-Aug-11 31-Aug-11 31-Aug-11 31-Aug-11
Settlement date 1-Jun-11 7-Apr-11 14-Apr-11 1-May-11 15-May-11
Coupon rate 3.00% 3.00% 3.00% 3.00% 3.00%
Par value 1,000 1,000 1,000 1,000 1,000
Frequency 2 2 2 2 2
30/360 basis 0 0 0 0 0

Accrued Interest 5.00 0.50 1.08 2.50 3.67

=ACCRINT(B1,B2,B3,B4,B5,B6,B7)

Issue date 1-Apr-11

Maturity date 15-Jun-11
Percent coupon 3.00%
Par value $1,000
30/360 basis 0

Accrued Interest 6.1666667 =ACCRINTM(B12,B13,B14,B15,B16)

Settlement date 1-Jan-11
Maturity date 1-Jan-19
Percent coupon 4.00%
Percent yield 5.00%
Frequency 2
Actual basis 1

DURATION 6.879
MDURATION 6.712
Fractions to Decimals Decimals to Fractions, in 16ths
Nomenclature In DollarDE DollarFR
1.1 8 1.125 1.02 =DOLLARFR(C4,16)
1.2 8 1.25 1.04
1.3 8 1.375 1.06
1.4 8 1.5 1.08
1.5 8 1.625 1.10
1.6 8 1.75 1.12
1.7 8 1.875 1.14
1.01 16 1.0625 1.01
1.02 16 1.125 1.02
1.03 16 1.1875 1.03
1.04 16 1.25 1.04
1.05 16 1.3125 1.05
1.06 16 1.375 1.06
1.07 16 1.4375 1.07
1.08 16 1.5 1.08
1.09 16 1.5625 1.09
1.10 16 1.625 1.10
1.11 16 1.6875 1.11
1.12 16 1.75 1.12
1.13 16 1.8125 1.13
1.14 16 1.875 1.14
1.15 16 1.9375 1.15
Year 1 9% 9% 11%
Year 2 11% 9% 10%
Year 3 10% 9% 9%

FVSCHEDULE 1331 1295 1331

=FVSCHEDULE(1000,B1:B3)
FunctionList
YIELDMAT PMT
YIELDDISC RATE
YIELD PV
XNPV NPER
XIRR PPMT
VDB FV
TBILLYIELD CUMIPMT
TBILLPRICE CUMPRINC
TBILLEQ EFFECT
SYD IPMT
SLN ISPMT
RECEIVED MIRR
RATE SLN
PV DDB
PRICEMAT DB
PRICEDISC SYD
PRICE VDB
PPMT AMORDEGRC
PMT AMORLINC
ODDLYIELD IRR
ODDLPRICE ACCRINT
ODDFYIELD ACCRINTM
ODDFPRICE DISC
NPV FVSCHEDULE
NPER INTRATE
NOMINAL NOMINAL
MIRR XIRR
MDURATION XNPV
ISPMT NPV
IRR PRICE
IPMT YIELD
INTRATE COUPDAYBS
FVSCHEDULE COUPDAYS
FV COUPDAYSNC
EFFECT COUPNCD
DURATION COUPNUM
DOLLARFR COUPPCD
DOLLARDE DOLLARDE
DISC DOLLARFR
DDB DURATION
DB MDURATION
CUMPRINC ODDFPRICE
CUMIPMT ODDFYIELD
COUPPCD ODDLPRICE
COUPNUM ODDLYIELD
COUPNCD PRICEDISC
COUPDAYSNC PRICEMAT
COUPDAYS RECEIVED
COUPDAYBS TBILLEQ
AMORLINC TBILLPRICE
AMORDEGRC TBILLYIELD
ACCRINTM YIELDDISC
ACCRINT YIELDMAT
 Data
11-Nov-08
1-Mar-21
15-Oct-08
1-Mar-09
7.85%
6.25%
100
2
1
Formula
113.59771747
 Description (Result)
Settlement date
Maturity date
Issue date
First coupon date
Percent coupon
Percent yield
Redemptive value
Frequency is semiannual (see above)
Actual/actual basis (see above)
Description (Result)
The price per $100 face value of a security having an odd (short or long) first period, for the bond with the above terms (113.5977)
 Data
11-Nov-08
1-Mar-21
15-Oct-08
1-Mar-09
5.75%
84.5
100
2
0
Formula
0.0772455416
 Description (Result)
Settlement date
Maturity date
Issue date
First coupon date
Percent coupon
Price
Redemptive value
Frequency is semiannual (see above)
30/360 basis (see above)
Description (Result)
The yield of a security that has an odd (short or long) first period, for the bond with the terms above (0.077245542 or 7.72%)
 Data
7-Feb-08
15-Jun-08
15-Oct-07
3.75%
4.05%
$100
2
0
Formula
99.878286015
 Description (Result)
Settlement date
Maturity date
Last interest date
Percent coupon
Percent yield
Redemptive value
Frequency is semiannual (see above)
30/360 basis (see above)
Description (Result)
The price per $100 of a security having an odd (short or long) last coupon period, for a bond with the above terms (99.87829)
 Data
20-Apr-08
15-Jun-08
24-Dec-07
3.75%
$99.88
$100
2
0
Formula
0.0451922356
 Description
Settlement date
Maturity date
Last interest date
Percent coupon
Price
Redemption value
Frequency is semiannual (see above)
30/360 basis (see above)
Description (Result)
The yield of a security that has an odd (short or long) last period, for the bond with the terms above (0.045192)