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Andymunchin's avatar
Andymunchin
Copper Contributor
Aug 11, 2023
Solved

Future Value function help

I came up with and am currently working on my own problem to try to understand the Future Value function.

I'll give my example and then my issues with it/what I'm trying to figure out, below  it.

All advice is greatly appreciated.

__________________________________________________________________________________________

I want to calculate the Future Value of an annual investment at $5,000.

The annual investment return is 6.50%.

 

Annual Investment:              $5,000

Growth Rate:            5.50%

 

Number of Years Investment    |    Future Value

                                  1              |          -

                                  5              |          -

                                 10             |          -

                                 15             |          -

                                 20             |          -

                                 25             |          -

                                 30             |          -

                                 35             |          -

                                 40             |          -

 

Using the FV function to get the future value, calculating the future value of the series of $5,000 annual investments at each number of years.

__________________________________________________________________________________________

Where I think I'm going wrong:

-I think I'm messing something up because the values seem too high to me.

-I feel like the year 1 value is good, but after that, I feel like it is wrong.

-With this, should I be able to do a formula in the year 1 FV and be able to copy/fill the rest below, shouldn't I? I feel like I should be able to, but maybe I'm wrong.

-Sometimes I get a value several rows down but before and after a value that doesn't seem right I get a "###" and "errors" and "0's."

 

Any assistance is appreciated. Trying to get ahead of the next section. I've been looking at resources that people offered me on my first post the other day but still think I'm messing it up (no worries, this isn't a homework question, I modeled it after book and online examples for my own practice).

 

Thanks again.

 

  • hrh_dash 

    Does this work?

    Sub Index_Match()
        Dim ws As Worksheet 'current sheet
        Dim exportWb As Workbook
        Dim clRequestWb As Workbook
        Dim v As Variant
    
        Set clRequestWb = ThisWorkbook
        Set ws = clRequestWb.Worksheets("Sheet1")
        Set exportWb = Workbooks.Open("C:\Users\hrhquek\desktop\export.xlsx")
    
        v = Application.Match(ws.Cells(15, 3), exportWb.Sheets("Sheet1").Range("E:E"), 0)
        If IsError(v) Then
            v = Application.Match(ws.Cells(15, 3), clRequestWb.Sheets("No SAP ID").Range("B:B"), 0)
            If IsError(v) Then
                MsgBox "Credit Limit is not allocated to this customer"
            Else
                ws.Cells(14, 3).Value = Application.Index(clRequestWb.Sheets("No SAP ID").Range("A:A"), v)
            End If
        Else
            ws.Cells(14, 3).Value = Application.Index(exportWb.Sheets("Sheet1").Range("B:B"), v)
        End If
    End Sub

2 Replies

  • Riny_van_Eekelen's avatar
    Riny_van_Eekelen
    Platinum Contributor

    Andymunchin What stops you from checking the FV function results by advancing one year at the time?

    The first year, 5000 at 5.5% will have increased to 5275, being 5000 X (1+0.055)

    The next year you start with 5275 and add another 5000 = 10275. In turn, this will increase to 10275 X (1+0.055) = 10840.

     

    Due this over a 20 year period and you'll end up with 183940. Why would that seem high? You can do a quick sanity check without even using a calculator. You invested 20 X 5000 = 100000 and earned at least 5.5% over an average balance of 50000 throughout this period. That gets you to 160000 to start with. Understanding the impact of compound interest (interest over interest) you should feel that 183940 isn't extra-ordinary. But you can always check it with a simple year by year model as in the attached workbook. Had your formula come up with half a million, then that should have raised a red flag.

     

    Now as to why you sometimes get ######. Probably because the column width is too narrow for the result to be displayed.

     

    And why you sometimes get 0's and errors. Hard to tell if you don't show your workbook and formulas. You probably need some absolute references in case you drag down formulas.

     

    • Andymunchin's avatar
      Andymunchin
      Copper Contributor
      I ended up doing that right before I saw your suggestion.

      It seemed high to me, but I am apparently not experienced enough with investments and such, it seems to me.

      I did expand the column width and a time or two earlier I got an insanely high number, like half the page, so clearly not the right answer.

      I tried with absolute formulas as well.

      I think I got it though.
      Thanks for the help.

      I was alternating between phone and computer and don't have internet for my computer at my place, so wasn't able to show it on here.
      I will keep that in mind for if there is a next time I need help on an issue.

      Thanks again, good advice. I know it takes time with Excel, but wish I was better at it. I'll keep chugging along though.

Resources

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I came up with and am currently working on my own problem to try to understand the Future Value function.

I'll give my example and then my issues with it/what I'm trying to figure out, below  it.

All advice is greatly appreciated.

__________________________________________________________________________________________

I want to calculate the Future Value of an annual investment at $5,000.

The annual investment return is 6.50%.

 

Annual Investment:              $5,000

Growth Rate:            5.50%

 

Number of Years Investment    |    Future Value

                                  1              |          -

                                  5              |          -

                                 10             |          -

                                 15             |          -

                                 20             |          -

                                 25             |          -

                                 30             |          -

                                 35             |          -

                                 40             |          -

 

Using the FV function to get the future value, calculating the future value of the series of $5,000 annual investments at each number of years.

__________________________________________________________________________________________

Where I think I'm going wrong:

-I think I'm messing something up because the values seem too high to me.

-I feel like the year 1 value is good, but after that, I feel like it is wrong.

-With this, should I be able to do a formula in the year 1 FV and be able to copy/fill the rest below, shouldn't I? I feel like I should be able to, but maybe I'm wrong.

-Sometimes I get a value several rows down but before and after a value that doesn't seem right I get a \"###\" and \"errors\" and \"0's.\"

 

Any assistance is appreciated. Trying to get ahead of the next section. I've been looking at resources that people offered me on my first post the other day but still think I'm messing it up (no worries, this isn't a homework question, I modeled it after book and online examples for my own practice).

 

Thanks again.

 

","body@stringLength":"4461","rawBody":"

I came up with and am currently working on my own problem to try to understand the Future Value function.

I'll give my example and then my issues with it/what I'm trying to figure out, below  it.

All advice is greatly appreciated.

__________________________________________________________________________________________

I want to calculate the Future Value of an annual investment at $5,000.

The annual investment return is 6.50%.

 

Annual Investment:              $5,000

Growth Rate:            5.50%

 

Number of Years Investment    |    Future Value

                                  1              |          -

                                  5              |          -

                                 10             |          -

                                 15             |          -

                                 20             |          -

                                 25             |          -

                                 30             |          -

                                 35             |          -

                                 40             |          -

 

Using the FV function to get the future value, calculating the future value of the series of $5,000 annual investments at each number of years.

__________________________________________________________________________________________

Where I think I'm going wrong:

-I think I'm messing something up because the values seem too high to me.

-I feel like the year 1 value is good, but after that, I feel like it is wrong.

-With this, should I be able to do a formula in the year 1 FV and be able to copy/fill the rest below, shouldn't I? I feel like I should be able to, but maybe I'm wrong.

-Sometimes I get a value several rows down but before and after a value that doesn't seem right I get a \"###\" and \"errors\" and \"0's.\"

 

Any assistance is appreciated. Trying to get ahead of the next section. I've been looking at resources that people offered me on my first post the other day but still think I'm messing it up (no worries, this isn't a homework question, I modeled it after book and online examples for my own practice).

 

Thanks again.

 

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Future Value function help","moderationData":{"__ref":"ModerationData:moderation_data:3897274"},"body":"

Andymunchin What stops you from checking the FV function results by advancing one year at the time?

The first year, 5000 at 5.5% will have increased to 5275, being 5000 X (1+0.055)

The next year you start with 5275 and add another 5000 = 10275. In turn, this will increase to 10275 X (1+0.055) = 10840.

 

Due this over a 20 year period and you'll end up with 183940. Why would that seem high? You can do a quick sanity check without even using a calculator. You invested 20 X 5000 = 100000 and earned at least 5.5% over an average balance of 50000 throughout this period. That gets you to 160000 to start with. Understanding the impact of compound interest (interest over interest) you should feel that 183940 isn't extra-ordinary. But you can always check it with a simple year by year model as in the attached workbook. Had your formula come up with half a million, then that should have raised a red flag.

 

Now as to why you sometimes get ######. Probably because the column width is too narrow for the result to be displayed.

 

And why you sometimes get 0's and errors. Hard to tell if you don't show your workbook and formulas. You probably need some absolute references in case you drag down formulas.

 

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It seemed high to me, but I am apparently not experienced enough with investments and such, it seems to me.

I did expand the column width and a time or two earlier I got an insanely high number, like half the page, so clearly not the right answer.

I tried with absolute formulas as well.

I think I got it though.
Thanks for the help.

I was alternating between phone and computer and don't have internet for my computer at my place, so wasn't able to show it on here.
I will keep that in mind for if there is a next time I need help on an issue.

Thanks again, good advice. I know it takes time with Excel, but wish I was better at it. I'll keep chugging along though.","body@stripHtml({\"removeProcessingText\":false,\"removeSpoilerMarkup\":false,\"removeTocMarkup\":false,\"truncateLength\":200})@stringLength":"203","kudosSumWeight":0,"repliesCount":0,"postTime":"2023-08-11T10:04:28.194-07:00","lastPublishTime":"2023-08-11T10:04:28.194-07:00","metrics":{"__typename":"MessageMetrics","views":1319},"visibilityScope":"PUBLIC","placeholder":false,"originalMessageForPlaceholder":null,"isEscalated":null,"solution":false,"entityType":"FORUM_REPLY","eventPath":"category:microsoft365/category:products-services/category:communities/community:gxcuf89792board:ExcelGeneral/message:3897236/message:3897849","replies":{"__typename":"MessageConnection","pageInfo":{"__typename":"PageInfo","hasNextPage":false,"endCursor":null,"hasPreviousPage":false,"startCursor":null},"edges":[]},"customFields":[],"attachments":{"__typename":"AttachmentConnection","edges":[],"pageInfo":{"__typename":"PageInfo","hasNextPage":false,"endCursor":null,"hasPreviousPage":false,"startCursor":null}}},"QueryVariables:MessageSolutions":{"__typename":"QueryVariables","id":"MessageSolutions","value":{"first":10,"constraints":{"topicId":{"eq":"message:3897236"},"solution":{"eq":true}},"sorts":{"postTime":{"direction":"ASC"}},"useAvatar":true,"useAuthorLogin":true,"useAuthorRank":false,"useBody":true,"useKudosCount":false,"useTimeToRead":false,"useMedia":true,"useRepliesCount":false,"useSearchSnippet":false,"useAcceptedSolutionButton":true,"useSolvedBadge":false,"useAttachments":true,"useTags":false,"useUserHoverCard":false,"useNodeHoverCard":false,"usePreviewSubjectModal":false,"useMessageStatus":false}},"CachedAsset:text:en_US-components/community/NavbarDropdownToggle-1745505309787":{"__typename":"CachedAsset","id":"text:en_US-components/community/NavbarDropdownToggle-1745505309787","value":{"ariaLabelClosed":"Press the down arrow to open the menu"},"localOverride":false},"CachedAsset:text:en_US-shared/client/components/common/QueryHandler-1745505309787":{"__typename":"CachedAsset","id":"text:en_US-shared/client/components/common/QueryHandler-1745505309787","value":{"title":"Query Handler"},"localOverride":false},"CachedAsset:text:en_US-components/messages/EscalatedMessageBanner-1745505309787":{"__typename":"CachedAsset","id":"text:en_US-components/messages/EscalatedMessageBanner-1745505309787","value":{"escalationMessage":"Escalated to Salesforce by {username} on {date}","viewDetails":"View Details","modalTitle":"Case Details","escalatedBy":"Escalated by: ","escalatedOn":"Escalated on: ","caseNumber":"Case Number: ","status":"Status: ","lastUpdateDate":"Last Update: ","automaticEscalation":"automatic escalation","anonymous":"Anonymous"},"localOverride":false},"CachedAsset:text:en_US-components/users/UserLink-1745505309787":{"__typename":"CachedAsset","id":"text:en_US-components/users/UserLink-1745505309787","value":{"authorName":"View Profile: {author}","anonymous":"Anonymous"},"localOverride":false},"CachedAsset:text:en_US-shared/client/components/users/UserRank-1745505309787":{"__typename":"CachedAsset","id":"text:en_US-shared/client/components/users/UserRank-1745505309787","value":{"rankName":"{rankName}","userRank":"Author rank {rankName}"},"localOverride":false},"CachedAsset:text:en_US-components/messages/MessageTime-1745505309787":{"__typename":"CachedAsset","id":"text:en_US-components/messages/MessageTime-1745505309787","value":{"postTime":"Published: {time}","lastPublishTime":"Last Update: {time}","conversation.lastPostingActivityTime":"Last posting activity time: {time}","conversation.lastPostTime":"Last post time: {time}","moderationData.rejectTime":"Rejected time: {time}"},"localOverride":false},"CachedAsset:text:en_US-components/messages/MessageSolvedBadge-1745505309787":{"__typename":"CachedAsset","id":"text:en_US-components/messages/MessageSolvedBadge-1745505309787","value":{"solved":"Solved"},"localOverride":false},"CachedAsset:text:en_US-components/messages/MessageSubject-1745505309787":{"__typename":"CachedAsset","id":"text:en_US-components/messages/MessageSubject-1745505309787","value":{"noSubject":"(no subject)"},"localOverride":false},"CachedAsset:text:en_US-components/messages/MessageBody-1745505309787":{"__typename":"CachedAsset","id":"text:en_US-components/messages/MessageBody-1745505309787","value":{"showMessageBody":"Show More","mentionsErrorTitle":"{mentionsType, select, board {Board} user {User} message {Message} other {}} No Longer Available","mentionsErrorMessage":"The {mentionsType} you are trying to view has been removed from the community.","videoProcessing":"Video is being processed. 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