Future Value


G

Guest

I have to setup a worksheet that claculates the future value and percentage
of tuition saved for monthly payments from $275-875 in increments of $50. For
the following data:

Annual Tuition $45,000, Rate = 4.25%/12, total payments of 15 years for 12
months/yr. I don't know how to setup the worksheet to calculate the
percentage of tuition saved. I setup the formula to calculate the FV as:
(reference the cell with the value - in my case is B15:B27) * ((1 +
Annual_Return / 12) * Years * 12)/Annual_Return/12. I don't know if my future
value calculation is correct but I have $97,402.57, $115,112.13, $132,821.69,
$150,531.25, $168,240.81, $185,950.37, $203,659.93, $221,369.49, $239,079.04,
$256,788.60, $274,498.16, $292,207.72, $309,917.28 as the future values based
on the various increments of $275-875 but that is as far as I've been able to
get. Can someone help?
 
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G

Guest

Hi

What it mean for tuition saved? Can you please elborate more?

can you use the embeded FV function?

Leung
 
G

Guest

What I mean by percentage of tuition saved is the percent of the $45,000*4
that is saved every month.
 
G

Guest

Hi

you said $45,000 is the Annual Tuition but why saving is calculated by
$45,000*4 ?

If you are using FV function below are the result.

What do you mean "saved" which 2 you want to compare?

Please elaborate more..




Annual Tuition 45000
Annual Rate 4.25%
period rate 0.35%
No. of period 180

Monthly Payment FV
275 ($69,076.08)
325 ($81,635.37)
375 ($94,194.66)
425 ($106,753.95)
475 ($119,313.23)
525 ($131,872.52)
575 ($144,431.81)
625 ($156,991.10)
675 ($169,550.39)
725 ($182,109.67)
775 ($194,668.96)
825 ($207,228.25)
875 ($219,787.54)
 
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R

Roger Govier

Hi

I'm not certain what you are trying to calculate here.
Are you wanting to calculate what the payment needs to be to clear the
45000 in 180 months?
I put 45000 in cell B1 and 4.25% in C1
=PMT($C$1/12,180,$B$1,,0)
returns 338.53 as the monthly sum required.

If you are trying to calculate how many months it would take to clear
the debt at different monthly payments, then with -275,
-325, -375 in cells B3 :B15, enter the following in cell C3 and copy
down
=NPER($C$1/12,B3,$B$1)
This will give values of 2245, 191, 157 ...... 57
If you insert a row at row 5, and enter -338.53 in B5, the value in C5
will be 180 showing that the payment as calculated by the first formula
clears the loan in 180 months.
 

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