How to Create an Excel Financial Calculator
Install Microsoft Excel on your computer, if you don't already have it., To make the learning process simple, click the link at the bottom of this page to download an already created financial calculator. , It is assumed that you already have some...
Step-by-Step Guide
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Step 1: Install Microsoft Excel on your computer
The function of this calculator is, given any 4 of these parameters, to calculate the 5th parameter. , Suppose you want the result of FV to be shown in field B17.
Input the rate in B12, the number of periods in B13, the payment in B14, the present value in B15 and B16 for Type.
In Excel, the Type is either 0 or
1.
Type is 0 if payments are due at the beginning of the period.
Type is 1 if payments are due at the end of the period. . , Choose the cell where you want the result for FV to go.
Click Insert, then Function (or fx on the task bar) to open Insert Function window.
In the left column, select "Financial".
This will give you all the functions in financial calculation. , A Function Arguments window will open.
Fill in the field numbers according to how you labeled them.
If you like, while you're in this window, click the ? button for help and read the details of how this Excel function works. , If you fill in the value of Rate, Nper, PMT, and PV, Field B17 will show the FV. , When you are done, you will have a very intuitive financial calculator, and you will learn better finance than if you had bought a fancy financial calculator.
Have fun! -
Step 2: if you don't already have it.
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Step 3: To make the learning process simple
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Step 4: click the link at the bottom of this page to download an already created financial calculator.
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Step 5: It is assumed that you already have some knowledge of the 5 parameters often used in finance - FV (future value)
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Step 6: PV (present value)
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Step 7: Nper (number of periods) and PMT (payment).
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Step 8: Try the sample calculator for calculating FV
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Step 9: future value.
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Step 10: To make your own financial calculator in Excel
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Step 11: start a new file or sheet and label fields for Rate
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Step 12: and Type
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Step 13: and add some sample values.
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Step 14: Double-click FV.
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Step 15: Click Ok and congratulations
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Step 16: your financial calculator for FV is created.
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Step 17: Continue in this way to make a Rate calculator
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Step 18: NPER calculator
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Step 19: and so on.
Detailed Guide
The function of this calculator is, given any 4 of these parameters, to calculate the 5th parameter. , Suppose you want the result of FV to be shown in field B17.
Input the rate in B12, the number of periods in B13, the payment in B14, the present value in B15 and B16 for Type.
In Excel, the Type is either 0 or
1.
Type is 0 if payments are due at the beginning of the period.
Type is 1 if payments are due at the end of the period. . , Choose the cell where you want the result for FV to go.
Click Insert, then Function (or fx on the task bar) to open Insert Function window.
In the left column, select "Financial".
This will give you all the functions in financial calculation. , A Function Arguments window will open.
Fill in the field numbers according to how you labeled them.
If you like, while you're in this window, click the ? button for help and read the details of how this Excel function works. , If you fill in the value of Rate, Nper, PMT, and PV, Field B17 will show the FV. , When you are done, you will have a very intuitive financial calculator, and you will learn better finance than if you had bought a fancy financial calculator.
Have fun!
About the Author
Christina Jones
Enthusiastic about teaching hobbies techniques through clear, step-by-step guides.
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