Appendix B Summary of Excel Programs

Accumulated value of a series of deposits:

A1 Deposits
B1 =SUM(1+Rate)
C1 =B1
B2 =B1
C2 =SUM(C1*B2)

Copy B and C, row 3 Paste to subsequent B and C rows

D36 =SUM(C36-1)/(C1-1)
E36 =SUM(D36*A1)

Adding fractions:

A1 n1
A2 d1
B1 n2
B2 d2
C1 =SUM(A1*B2)+(A2*B1)
D1 =SUM(A2*B2)

After-tax return:

A1 O
B1 T (in decimal form)
C1 =SUM(1-B1)*A1

Amortization:

A1 C
B1 M
C1 =SUM(A1/B1)

Annual compounding:

A1 Annual interest rate plus 1 =SUM(i+1)
B1 Principal amount
C1 Accumulated amount = SUM(A1*B1)
A2 =A1
B2 =C1

To perform this Excel calculation, do the following:

3. Copy C1
4. Paste to C2
5. Copy A2, B2, and C2
6. Paste to rows 3, columns 1, 2, and 3
7. Repeat paste for ...

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