This article provides example scenarios and explains various approaches for calculating the time value of money using Microsoft Excel. The Excel tools discussed herein include the FV, FVSCHEDULE, PV, ...

Note that because this is a payment, Excel will display this number in parenthesis and red font. To avoid that, insert a "-" sign in front of the PMT formula, like below.

Excel as a Comprehensive Financial Planning Tool Excel’s “What-If Analysis” tools, combined with the FV and PMT functions, provide a comprehensive solution for financial planning.