Present value of individual uneven payments
I don't see the problem. Just calculate the PV of each payment. Using a discount
rate of 10% and a start date of 1/1/07, the formula is:
=PV(10%,(a2-date(7,1,1))/365,0,-b2)
Copy down as far as you want.
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Regards,
Fred
"Z Man" wrote in message
...
This should be easy (and can be done easily but tediously on an HP12C) but I
cannot figure out how to do it in Excel 2003. I have dozens of uneven payments
to be received monthly over the next few years, and I need the present value
of each payment, so that I can add them all up and come up with the total. It
is essential that I get the PV of each individual payment. For example.
Date Payment PV
2/1/07 1,000 ??
3/1/07 2,000 ??
4/1/07 1,250 ??
5/1/07 22,352 ??
6/1/07 0 ??
7/1/07 2,715 ??
(assume a couple of hundred more uneven montly payments)
How can I perform this calculation (I need to solve for the various ??'s) in
Microsoft Excel 2003? (NOTE: the payments are evenly spaced, and interest rate
will not change)
Thanks!
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