Join Curt Frye for an in-depth discussion in this video FVSCHEDULE: Calculating the future value of an investment with variable returns, part of Excel 2010: Financial Functions in Depth.
Sometimes investments don't have a single interest rate applied to them.…For example, you could put money into a fund that guarantees a return of 4% for…the first year, 5% for the second year, and 6% for the third year.…In this case, you can use of the FVSchedule function to determine the future…value of your investment.…FV schedule has two arguments, which are the present value which is the principal…of the investment, and the schedule of interest rates.…Those arguments are set out in this workbook.…You can see that I have the principal, the starting value, in cell C4 and then…the rates in cells C5 through C7.…
When you put in the interest rates they almost be applied for the same timeframe.…So for example, in this case I have an annual interest rate.…If you're evaluating over months then you would need to divide those rates by…12, so that they represented a monthly rate.…Now I can create my formula in cell C10. So it's =fvschedule and as soon as fvs…appears in the cell I get the formula autocomplete for FVSCHEDULE, so I can…
- Analyzing loans, payments, and interest
- Discovering the interest rate of an annuity
- Determining depreciation using the straight line, declining balance, double-declining balance, and other methods
- Calculating the future value of an investment with variable returns
- Finding the discount rate of a security
- Converting between fractional prices and decimal prices
- Determining the yield of securities that pay interest periodically
Skill Level Intermediate
Managing and Analyzing Data in Excel 2010with Dennis Taylor1h 32m Appropriate for all
Excel 2010: Data Validation in Depthwith Dennis Taylor59m 45s Intermediate
1. Analyzing Loans, Payments, and Interest
2. Calculating Depreciation
3. Determining Values and Rates of Return
4. Calculating Bond Coupon Dates and Security Durations
5. Calculating Security Prices and Yields
6. Calculating Prices and Yields of Securities with Odd Periods
Additional resources1m 5s
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