This Excel file has been prepared by Dr.

Visit Phunnarungsi for FIN3701 & FIN3101

Please do not use without permission.
All errors are mine.

The information in this file includes Excel commands for:

1. Chapter 5: TVM Part 1 and Exercises #1
2. Chapter 6: TVM Part 2 and Exercises #2
FIN3701 & FIN3101.
 Annually

1
FV (single CF) FV 161.05
PV -100.00
i 10%
n 5
 Annually

FV 161.05
PV (single CF) PV -100.00
i 10%
n 5
 Annually

FV 161.05
PV -100.00
i 10%
n 5
 Annually

FV 161.05
PV -100.00
i 10%
n 5
 Annually Semi-annually Quarterly

1 m 2 4
FV (single CF) FV 161.05 FV 162.89 FV 163.86
PV -100.00 PV -100.00 PV -100.00
i 10% i 5.00% i 2.50%
n 5 n 10 n 20
 Monthly Weekly Daily PV
-100
12 52 365 Compounding
FV 164.53 FV 164.79 FV 164.86 Annually
PV -100.00 PV -100.00 PV -100.00 Semi-annually
i 0.83% i 0.1923% i 0.0274% Quarterly
n 60 n 260 n 1825 Monthly
Weekly
Daily
 i/m n*m FV = ?
10% 5
m
1 10.0000% 5 161.05
2 5.0000% 10 162.89
4 2.5000% 20 163.86
12 0.8333% 60 164.53
52 0.1923% 260 164.79
365 0.0274% 1825 164.86
 APR 10% Int. rate per period EAR = ? EFFECT
(periodic int. rate)
Compounding m APR/m
Annually 1 10.0000% 10.00% 10.00%
Semi-annually 2 5.0000% 10.25% 10.25%
Quarterly 4 2.5000% 10.38% 10.38%
Monthly 12 0.8333% 10.47% 10.47%
Weekly 52 0.1923% 10.51% 10.51%
Daily 365 0.0274% 10.52% 10.52%
NOMINAL

10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
FV (ordinary) FV 610.51
PMT -100.00
i 10%
n 5
PV (ordinary) PV 379.08
PMT -100.00
i 10%
n 5
 Loan INT n PMT
10,000.00 10% 5 (2,637.97)

(1) (2) (3) = (1)*10% (4) = (2) - (3)

Outstanding loan Annuity payment Interest payment Repayment of
Year at beginning of year (PMT) principal
1 10,000.00 2,637.97 1,000.00 1,637.97
2 8,362.03 2,637.97 836.20 1,801.77
3 6,560.25 2,637.97 656.03 1,981.95
4 4,578.30 2,637.97 457.83 2,180.14
5 2,398.16 2,637.97 239.82 2,398.16
 (5) = (1) - (4)
Outstanding loan
at end of year
8,362.03
6,560.25
4,578.30
2,398.16
0.00
FV (due) FV 671.56
PMT -100.00
i 10%
n 5
PV (due) PV 416.99
PMT -100.00
i 10%
n 5
PV PV 1,000.00
PMT -100.00
i 10%
PV PV 5,000.00
PMT -100.00
i 10%
g 8%
 i 10.25%

0 1 2 3 4 5
100 200 300 400 500

1,056.80 1,721.42
PV FV
i 10.25%

0 1 2 3 4 5
0 200 300 0 500

695.36 1,132.67
PV FV
 Annually

FV 200.00
PV -100.00
i 14.87%
n 5
 Monthly

FV 200.00
PV -100.00
i 13.94%
n 60
 Annually

FV 161.05
PV -100.00
i 10.50%
n 4.77
 Monthly

FV 161.05
PV -100.00
i 0.88%
n 4.56
 APR (Nominal INT) Compounding basis (m) Int. rate per period EAR = ?
(periodic int. rate)
APR/m
Bank A 10% 4 2.50% 10.38%
Q. 7.1 Q. 7.2

Bank B 9.92% 12 0.83%

Q. 7.3 Q. 7.4
EFFECT

10.38%
Q. 7.2
 Q. 1.1
FV (ordinary) FV 3,067.78
PMT -500.00
i 10.25%
n 5

Q. 1.2
FV (due) FV 3,382.23
PMT -500.00
i 10.25%
n 5
 Q. 2.1
PV (ordinary) PV 1,883.35
PMT -500.00
i 10.25%
n 5

Q. 2.2
PV (due) PV 2,076.39
PMT -500.00
i 10.25%
n 5
i 10.25%

0 1 2 3 4 5
200 200 300 300 300

957.04 1,558.91
PV FV
 i 1.00%
PV at time 23 PV at time 0
Time 0 50,000 50,000.00
Month 1-23 Total 23 mths 50,000 1,022,791.06
Month 24-59 Total 36 mths 80,000 2,408,600.40 1,915,901.41
2,988,692.47

FV 5,429,547.74
 Q. 5.1
BBL Loan INT n PMT
5,000,000.00 12% 10 (71,735.47)

Q. 5.2
6 yrs remaining
BBL Loan INT n PMT
3,669,297.59 12% 6 (71,735.47)

Q. 5.3
SCB Loan INT n PMT
3,669,297.59 6% 6 (60,810.86)
PV PV 1,000,000.00
PMT 100,000.00
i 10%
PV PV at yr. 9 1,000,000.00
PMT 100,000.00
i 10%

PV at yr. 0 (424,097.62)
PV PV 2,500,000.00
PMT 100000.00
i 10%
g 6%
PV PV at yr. 9 2,500,000.00
PMT 100000.00
i 10%
g 6%

PV at yr. 0 1,060,244.05
 Q. 10.1
PV (ordinary) PV (379,078.68)
PMT 100,000.00
i 10.00%
n 5

Q. 10.2
FV (379,078.68)
PV (single CF) PV 146,151.24
i 10%
n 10

Q. 10.3
FV (ordinary) FV (379,078.68)
PMT 23,785.44
i 10%
n 10
 Q. 11.1
PV (due) PV (416,986.54)
PMT 100,000.00
i 10%
n 5

Q. 11.2
FV (416,986.54)
PV (single CF) PV 160,766.36
i 10%
n 10

Q. 11.3
FV (due) FV (416,986.54)
PMT 23,785.44
i 10%
n 10