FV(rate,nper,pmt,pv,type)

Question 1: Find the compound amount of Rs. 4,000 invested for 7 years at
6% compounded annually.
Solution: Present Value -₹ 4,000.00
Interest Rate 6.00%
Year 7
PMT 0
Future Value ₹ 6,014.52

Question 2: Find the compound amount of Rs. 1,800 invested for 8 years at
5% compounded semiannually.
Solution: Present Value -₹ 1,800.00
Interest Rate 5.00%
Year 8
PMT 0
1
 Future Value ₹ 2,672.11

Question 3: Find the compound amount of Rs. 1,000 invested for 5 years at
15% compounded monthly.
Solution: Present Value -₹ 1,000.00
Interest Rate 15.00%
Year 5
PMT 0
Future Value ₹ 2,107.18

2
d for 7 years at

d for 8 years at

3
d for 5 years at

4
 PV(rate,nper,pmt,fv,type)

Question 1: Find the present value of Rs. 6,000 due in 20 years at 5%

compounded annually.
Solution: Final value ₹ 6,000.00
Interest Rate 5.00%
Year 20
PMT 0
Present Value ₹ 2,261.34

Question 2: Find the present value of Rs. 4,000 due after 6 years at 7 %
compounded semiannually.
Solution: Final value ₹ 4,000.00
Interest Rate 7.00%
Year 6

5
 PMT 0
Present Value ₹ 2,647.13
Question 3: Find the present value of Rs. 1,000 due after 3 years at 9 %
compounded monthly.
Solution: Final value ₹ 1,000.00
Interest Rate 9.00%
Year 3
PMT 0
Present Value ₹ 764.15

6
s at 5%

rs at 7 %

7
rs at 9 %

8
 FV(rate,nper,pmt,pv,type)

Question 1: Find the amount of an annuity of Rs. 2,000 payable for at the en
of each year for 5 years if money worth 8% effective.
Solution: Present Value ₹ 0.00
Interest Rate 8.00%
Year 5
PMT -₹ 2,000.00
Future Value ₹ 11,733.20
Question 2: Find the amount of an annuity of Rs. 200 payable for at the end
6 months for 4 years if money worth 6% compounded semiann
Solution: Present Value ₹ 0.00
Interest Rate 6.00%
Year 4
PMT -₹ 200.00

9
 Future Value ₹ 1,778.47
Question 3: Find the amount of an annuity of Rs. 800 payable for at the end
3 months for 6 years if money worth 6% compounded quarterly
Solution: Present Value ₹ 0.00
Interest Rate 6.00%
Year 6
PMT -₹ 800.00
Future Value ₹ 22,906.82

10
e for at the end
ve.

for at the end of each

nded semiannually.

11
 for at the end of each
nded quarterly.

12
 PV(rate,nper,pmt,fv,type)

Question 1: Find the present value of an annuity of Rs. 5,

of each year for 6 years if money worth 7% e
Solution: Final value ₹ 0.00
Interest Rate 7.00%
Year 6
PMT -₹ 5,000.00
Present Value ₹ 23,832.70
Question 2: Find the present value of an annuity of Rs. 1,
of each 6 months for 10 years if money wort
Solution: Final value ₹ 0.00
Interest Rate 4.00%
Year 10
PMT -₹ 1,000.00
Present Value ₹ 16,351.43
Question 3: Find the present value of an annuity of Rs. 20
of each 3 months for 10 years if money wort
Solution: Final value ₹ 0.00
Interest Rate 5.00%
13
Year 10
PMT -₹ 200.00
Present Value ₹ 6,265.39

14
nnuity of Rs. 5,000 payable for at the end
ney worth 7% effective.

nnuity of Rs. 1,000 payable for at the end

if money worth 4% effective.

nnuity of Rs. 200 payable for at the end

if money worth 5% converted quarterly.

15
16
 FV(rate,nper,pmt,pv,type)

Question 1: Find the amount of an annuity of Rs. 2,000 p

of each year for 5 years if money worth 8% e
Solution: Present Value ₹ 0.00
Interest Rate 8.00%
Year 5
PMT -₹ 2,000.00
Future Value ₹ 12,671.86
Question 2: Find the amount of an annuity of Rs. 2,000 p
of each month for 3 years if money worth 15
Solution: Present Value ₹ 0.00
Interest Rate 15.00%
Year 3
PMT -₹ 2,000.00
Future Value ₹ 91,358.90
Question 3: Find the amount of an annuity of Rs. 511.683
of each quarter for 3 years if money worth 8
Solution: Present Value ₹ 0.00
Interest Rate 8.00%

17
Year 3
PMT -₹ 511.68
Future Vaue ₹ 7,000.00

18
y of Rs. 2,000 payable for at the beginning
ney worth 8% effective.

y of Rs. 2,000 payable for at the beginning

money worth 15% compounded monthly.

y of Rs. 511.6835 payable for at the beginning

money worth 8% compounded quarterly.

19
20
 PV(rate,nper,pmt,fv,type)

Question 1: Find the present value of an annuity of Rs. 10

of each year for 10 years if money worth 7%
Solution: Final value ₹ 0.00
Interest Rate 7.00%
Year 10
PMT -₹ 10,645.05
Present Value ₹ 80,000.00
Question 2: Find the present value of an annuity of Rs. 1,
of each quarter for 5 years if money worth 8
Solution: Final value ₹ 0.00
Interest Rate 8.00%
Year 5
PMT -₹ 1,000.00
Present Value ₹ 16,678.46
Question 3: Find the present value of an annuity of Rs. 5,
of each quarter for 2.5 years if money worth
Solution: Final value ₹ 0.00
Interest Rate 6.00%
21
Year 2.5
PMT -₹ 5,000.00
Present Value ₹ 46,802.59

22
nnuity of Rs. 10,000.047 payable for at the beginning
oney worth 7% compounded annually.

nnuity of Rs. 1,000 payable for at the beginning

money worth 8% compounded quarterly.

nnuity of Rs. 5,000 payable for at the beginning

f money worth 6% compounded quarterly.

23
24
nning

25
 PMT(rate,nper,pv,fv,type)

Question 1: What sum must be invested at the end of ea

the end of 10 years of machine costing Rs. 10
Solution: Present Value ₹ 0.00
Interest Rate 5.00%
Year 10
Future Value ₹ 10,000.00
PMT ₹ 795.05
Question 1: What sum must be invested at the beginning
in 2 years if money worth 8% effective?
Solution: Present Value ₹ 5,000.00
Interest Rate 8.00%
Year 2
Future Value ₹ 0.00
PMT ₹ 669.17

26
fv,type)

at the end of each year to provide for the replacement at

ne costing Rs. 10,000 if money worth 5% effective?

at the beginning of each quarter to pay the debt of Rs. 5,000

effective?

27
 ement at
ve?

of Rs. 5,000

28
 NPER(rate,pmt,pv,fv,type)

Question 1: The amount of an annuity of Rs. 2,000 payabl

year at 8% p.a. is Rs. 11,733.20. Find the no. o
Solution: Present Value ₹ 0.00
Interest Rate 8.00%
Future Vaue ₹ 11,733.20
PMT -₹ 2,000.00
Nper 5.00
Question 2: The present value of an annuity of Rs. 669.17
quarter at 8% p.a. is Rs. 11,733.20. Find the n
Solution: Present Value -₹ 5,000.00
Interest Rate 8.00%
Future Vaue ₹ 0.00
PMT ₹ 669.17
Nper 8.00
Years 2.00

29
 Rs. 2,000 payable for at the end of each
20. Find the no. of payments.

ity of Rs. 669.17 payable for at the beginning of each

33.20. Find the no. of payments and years.

30
each

31
 PMT(rate,nper,pv,fv,type)
IPMT(rate,per,nper,pv,fv,type)
PPMT(rate,per,nper,pv,fv,type)

Question: Loan Amount ₹ 2,500,000.00

Interest Rate 10.00%
Loan Term 5
Monthly Payment 12
End Period 60
Start Period 1

Solution: Payment No. Payment

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

32
 20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

33
34
er,pv,fv,type)
nper,pv,fv,type)
nper,pv,fv,type)

Years

Interest Principal

35
36
37
 CUMIPMT(rate,nper,pv,start_period,end_p
CUMPRINC(rate,nper,pv,start_period,end_p
Question: Loan Amount ₹ 2,500,000.00
Interest (Rate) 10.00%
Loan Term 5
Monthly Payment 12
End Period 60
Start Period 1

Solution:
CUMIPMT -₹ 687,056.71
CUMPRINC -₹ 2,500,000.00

38
_period,end_period,type)
t_period,end_period,type)

Years

39
 MUTUAL FUND
Question: A person invested Rs. 2,00,000 in a m
to pay return @ 10% p.a.. Find the Future value
Years if he also deposite Rs. 30,000 p.m.in begi
Solution: Present Value -₹ 200,000.00
Interest Rate 10.00%
Year 15
PMT -₹ 30,000.00
Future Vaue ₹ 13,428,511.88

40
000 in a mutual fund today whi
Future value of investment after 15
0 p.m.in beginning of each month.

41
42
 RATE(nper,pmt,pv,fv,type,guess)
Question: A person invested Rs. 2,00,000 in a m
deposite Rs. 25,000 p.m. in beginning of each m
after 15 years if future return Rs. 1,00,00,000.
Present Value -₹ 200,000.00
Nper 180
PMT -₹ 25,000.00
Future Vaue ₹ 10,000,000.00
Solution: Interest Rate 0.724210%
Rate p.a. 8.69%

43
00 in a mutual fund today and
ng of each month. Find the rate
00,00,000.

44