Effect of compounding Frequency

Nominal Annual Interest Rate

No. of Compounding periods
Amount of Initial Investment
Length of Investment Period
Compounding Period
Annual
Semi Annua
Quarterly
Monthly
Bi weekly
Weekly
Daily

if investment changes

$5,306,595.41
Annual
1
Semi Annua
2
Quarterly
4
Monthly
12
Bi weekly
26
Weekly
52
Daily
365

If rate changes

$5,306,595.41
8%
10%
12%
14%
16%

Annual Saving(A)
No Of Years (n,<=20)
Interest Rate(rr,% per year)
Annuity

1
2
4
12
26
52
365

1000
10
10%
PV
FV

Function
$6,144.57
$15,937.42

PV
FV

$6,759.02
$17,531.17

Annuity Due

Table for Annuity

Period

Cash Flow PV
0
1
2
3
4
5
6
7
8
9
10
11
12

Covered Today
Effective rate
Annuity
Annuity Due
Use table function with different rates

1000
1000
1000
1000
1000
1000
1000
1000
1000
1000
0
0

$909.09
$826.45
$751.31
$683.01
$620.92
$564.47
$513.16
$466.51
$424.10
$385.54
$0.00
$0.00

10%
2
2000000
10

Effective Interest rate

Future value of investment

Effective Interest Rate

FV
0.1025 $5,306,595.41
0.1
5187484.9202
0.1025 5306595.410289
0.1038128906 5370127.67678
0.1047130674 5414082.981724
0.1049589489 5426145.452316
0.1050647928 5431345.390062
0.1051557816 5435819.109154

100000
259374.24601
265329.770514442
268506.383838996
270704.149086224
271307.272615812
271567.269503085
271790.955457697

200000
518748.49202
530659.5410289
537012.767678
541408.2981724
542614.5452316
543134.5390062
543581.9109154

300000
778122.738030001
795989.311543327
805519.151516989
812112.447258673
813921.817847438
814701.808509255
815372.866373092

100000
219112.314303342
265329.770514442
320713.547221285
386968.446248618
466095.714384931

200000
438224.6286067
530659.5410289
641427.0944426
773936.8924972
932191.4287699

300000
657336.942910026
795989.311543327
962140.641663854
1160905.33874586
1398287.14315479

Table
$6,144.57
$15,937.42
$6,759.02
$17,531.17

Table for Annuity

FV

Table for Annuity Due

Cash Flow
$1,000.00
$1,100.00
$1,210.00
$1,331.00
$1,464.10
$1,610.51
$1,771.56
$1,948.72
$2,143.59
$2,357.95
$0.00
$0.00

PV
1000
1000
1000
1000
1000
1000
1000
1000
1000
1000
0
0

$1,000.00
$909.09
$826.45
$751.31
$683.01
$620.92
$564.47
$513.16
$466.51
$424.10
$0.00
$0.00

0.1025
$5,306,595.41

400000
1037496.98404
1061319.08205777
1074025.53535599
1082816.5963449
1085229.09046325
1086269.07801234
1087163.82183079
400000
876449.257213368
1061319.08205777
1282854.18888514
1547873.78499447
1864382.85753972

$#,##;;

ity Due
FV
$1,100.00
$1,210.00
$1,331.00
$1,464.10
$1,610.51
$1,771.56
$1,948.72
$2,143.59
$2,357.95
$2,593.74
$0.00
$0.00

Investment (I)
Rate(Rt)
Period (P)
PVIFA

1
10%
10
$6.14
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

1%
0
1.0
2.0
2.9
3.9
4.9
5.8
6.7
7.7
8.6
9.5
10.4
11.3
12.1
13.0
13.9
14.7

2%
0
1.0
1.9
2.9
3.8
4.7
5.6
6.5
7.3
8.2
9.0
9.8
10.6
11.3
12.1
12.8
13.6

3%
0
1.0
1.9
2.8
3.7
4.6
5.4
6.2
7.0
7.8
8.5
9.3
10.0
10.6
11.3
11.9
12.6

4%
0
1.0
1.9
2.8
3.6
4.5
5.2
6.0
6.7
7.4
8.1
8.8
9.4
10.0
10.6
11.1
11.7

5%
0
1.0
1.9
2.7
3.5
4.3
5.1
5.8
6.5
7.1
7.7
8.3
8.9
9.4
9.9
10.4
10.8

$0.39
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

1%
1
1.0
1.0
1.0
1.0
1.0
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9

2%
1
1.0
1.0
0.9
0.9
0.9
0.9
0.9
0.9
0.8
0.8
0.8
0.8
0.8
0.8
0.7
0.7

3%
1
1.0
0.9
0.9
0.9
0.9
0.8
0.8
0.8
0.8
0.7
0.7
0.7
0.7
0.7
0.6
0.6

4%
1
1.0
0.9
0.9
0.9
0.8
0.8
0.8
0.7
0.7
0.7
0.6
0.6
0.6
0.6
0.6
0.5

5%
1
1.0
0.9
0.9
0.8
0.8
0.7
0.7
0.7
0.6
0.6
0.6
0.6
0.5
0.5
0.5
0.5

PVIF

FVIFA
$15.94
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

1%
0
1.0
2.0
3.0
4.1
5.1
6.2
7.2
8.3
9.4
10.5
11.6
12.7
13.8
14.9
16.1
17.3

2%
0
1.0
2.0
3.1
4.1
5.2
6.3
7.4
8.6
9.8
10.9
12.2
13.4
14.7
16.0
17.3
18.6

3%
0
1.0
2.0
3.1
4.2
5.3
6.5
7.7
8.9
10.2
11.5
12.8
14.2
15.6
17.1
18.6
20.2

4%
0
1.0
2.0
3.1
4.2
5.4
6.6
7.9
9.2
10.6
12.0
13.5
15.0
16.6
18.3
20.0
21.8

5%
0
1.0
2.1
3.2
4.3
5.5
6.8
8.1
9.5
11.0
12.6
14.2
15.9
17.7
19.6
21.6
23.7

$2.59
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

1%
1
1.0
1.0
1.0
1.0
1.1
1.1
1.1
1.1
1.1
1.1
1.1
1.1
1.1
1.1
1.2
1.2

2%
1
1.0
1.0
1.1
1.1
1.1
1.1
1.1
1.2
1.2
1.2
1.2
1.3
1.3
1.3
1.3
1.4

3%
1
1.0
1.1
1.1
1.1
1.2
1.2
1.2
1.3
1.3
1.3
1.4
1.4
1.5
1.5
1.6
1.6

4%
1
1.0
1.1
1.1
1.2
1.2
1.3
1.3
1.4
1.4
1.5
1.5
1.6
1.7
1.7
1.8
1.9

5%
1
1.1
1.1
1.2
1.2
1.3
1.3
1.4
1.5
1.6
1.6
1.7
1.8
1.9
2.0
2.1
2.2

FVIF

6%
0
0.9
1.8
2.7
3.5
4.2
4.9
5.6
6.2
6.8
7.4
7.9
8.4
8.9
9.3
9.7
10.1

7%
0
0.9
1.8
2.6
3.4
4.1
4.8
5.4
6.0
6.5
7.0
7.5
7.9
8.4
8.7
9.1
9.4

8%
0
0.9
1.8
2.6
3.3
4.0
4.6
5.2
5.7
6.2
6.7
7.1
7.5
7.9
8.2
8.6
8.9

9%
0
0.9
1.8
2.5
3.2
3.9
4.5
5.0
5.5
6.0
6.4
6.8
7.2
7.5
7.8
8.1
8.3

10%
0
0.9
1.7
2.5
3.2
3.8
4.4
4.9
5.3
5.8
6.1
6.5
6.8
7.1
7.4
7.6
7.8

6%
1
0.9
0.9
0.8
0.8
0.7
0.7
0.7
0.6
0.6
0.6
0.5
0.5
0.5
0.4
0.4
0.4

7%
1
0.9
0.9
0.8
0.8
0.7
0.7
0.6
0.6
0.5
0.5
0.5
0.4
0.4
0.4
0.4
0.3

8%
1
0.9
0.9
0.8
0.7
0.7
0.6
0.6
0.5
0.5
0.5
0.4
0.4
0.4
0.3
0.3
0.3

9%
1
0.9
0.8
0.8
0.7
0.6
0.6
0.5
0.5
0.5
0.4
0.4
0.4
0.3
0.3
0.3
0.3

10%
1
0.9
0.8
0.8
0.7
0.6
0.6
0.5
0.5
0.4
0.4
0.4
0.3
0.3
0.3
0.2
0.2

6%
0
1.0
2.1
3.2
4.4
5.6
7.0
8.4
9.9
11.5
13.2
15.0
16.9
18.9
21.0
23.3
25.7

7%
0
1.0
2.1
3.2
4.4
5.8
7.2
8.7
10.3
12.0
13.8
15.8
17.9
20.1
22.6
25.1
27.9

8%
0
1.0
2.1
3.2
4.5
5.9
7.3
8.9
10.6
12.5
14.5
16.6
19.0
21.5
24.2
27.2
30.3

9%
0
1.0
2.1
3.3
4.6
6.0
7.5
9.2
11.0
13.0
15.2
17.6
20.1
23.0
26.0
29.4
33.0

10%
0
1.0
2.1
3.3
4.6
6.1
7.7
9.5
11.4
13.6
15.9
18.5
21.4
24.5
28.0
31.8
35.9

6%
1
1.1
1.1
1.2
1.3
1.3
1.4
1.5
1.6
1.7
1.8
1.9
2.0
2.1
2.3
2.4
2.5

7%
1
1.1
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
2.0
2.1
2.3
2.4
2.6
2.8
3.0

8%
1
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.9
2.0
2.2
2.3
2.5
2.7
2.9
3.2
3.4

9%
1
1.1
1.2
1.3
1.4
1.5
1.7
1.8
2.0
2.2
2.4
2.6
2.8
3.1
3.3
3.6
4.0

10%
1
1.1
1.2
1.3
1.5
1.6
1.8
1.9
2.1
2.4
2.6
2.9
3.1
3.5
3.8
4.2
4.6

Loan Amount
Loan Tenure
Rate of Interest
Annual Payment

100000
15
10%
$11,573.69
Year

Year Beg balance

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

100000.0
98426.3
96695.3
94791.1
92696.5
90392.5
87858.0
85070.1
82003.5
78630.1
74919.5
70837.7
66347.8
61408.9
55976.1
50000.0
0
0

Annual Payment
11573.7
11573.7
11573.7
11573.7
11573.7
11573.7
11573.7
11573.7
11573.7
11573.7
11573.7
11573.7
11573.7
11573.7
11573.7
0.0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Interest Component
10000.0
9842.6
9669.5
9479.1
9269.7
9039.2
8785.8
8507.0
8200.3
7863.0
7491.9
7083.8
6634.8
6140.9
5597.6
0.0
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

Principal Repaid
1573.7
1731.1
1904.2
2094.6
2304.0
2534.4
2787.9
3066.7
3373.3
3710.7
4081.7
4489.9
4938.9
5432.8
5976.1
0.0
$0.00
$0.00

Year End Balance

98426.3
96695.3
94791.1
92696.5
90392.5
87858.0
85070.1
82003.5
78630.1
74919.5
70837.7
66347.8
61408.9
55976.1
50000.0
0.0
0
0

Initial Loa

100000
Length

Period 1 (Ln1)
Period 2 (Ln2)
Period 3(Ln3)

Int Rate
5
7%
3
8%
7
9%

Loan Life
15
Required Annual Paym 11381.43

Period

Year Beg balance

1
100000.0
2
95618.6
3
90930.4
4
85914.1
5
80546.7
6
74803.5
7
69406.4
8
63577.5
9
57282.2
10
51056.2
11
44269.8
12
36872.7
13
28809.8
14
20021.2
15
10441.7
$16
$17
$18
$19
$20
$21
$22
$23
$24
$25
$26
$27
$28
$29
$

Annual Payment
Interest Component
Principal Repaid
Year End Balance
11381.4
7000.0
4381.4
95618.6
11381.4
6693.3
4688.1
90930.4
11381.4
6365.1
5016.3
85914.1
11381.4
6014.0
5367.4
80546.7
11381.4
5638.3
5743.2
74803.5
11381.4
5984.3
5397.2
69406.4
11381.4
5552.5
5828.9
63577.5
11381.4
5086.2
6295.2
57282.2
11381.4
5155.4
6226.0
51056.2
11381.4
4595.1
6786.4
44269.8
11381.4
3984.3
7397.2
36872.7
11381.4
3318.5
8062.9
28809.8
11381.4
2592.9
8788.6
20021.2
11381.4
1801.9
9579.5
10441.7
11381.4
939.8
10441.7
0.0
$
$
$
$
$

Year

Interest rate
1
0.07
2
0.07
3
0.07
4
0.07
5
0.07
6
0.08
7
0.08
8
0.08
9
0.09
10
0.09
11
0.09
12
0.09
13
0.09
14
0.09
15
0.09
$16
$
$17
$
$18
$
$19
$
$20
$
$21
$
$22
$
$23
$
$24
$
$25
$
$26
$
$27
$
$28
$
$29
$
$30
$

10.30%
Period
CP
1
2
3
4
5

FV
1000
PV(CP)
Duration
100 90.661831369 0.090662
100 82.1956766718 0.164391
100 74.5201057768 0.22356
100 67.5612926353 0.270245
1100 673.775357197 3.368877
988.71426365 4.11774

Duration calculation
Coupon rat
10%
Period
10
FV
1000
Bond Price
$980.01
Frequency
1
YTM
10%

Period

PMT
1
2
3
4
5
6
7
8
9
10

8%
0.008
20
2
1000

Discount Rate
Coupon Amount
Remaining Life
Bond Price
Settlement
Maturity D

PV Of PMT
100
100
100
100
100
100
100
100
100
1100

Bond Duration
Coupon Rat
YTM
Coupon Per
Coupon Pay
Face Value

ISSUE DATE 1/1/2015

SETTLEMEN 1/1/2016
MATURITY 1/1/2025
COUPON RA
10%
YTM
-0.089109
FACE VALUE(%OF PAR)
COUPONS PER YEAR(%OF PAR)
PRICE

1000

1/1/2015
1/1/2025

90.64
82.15
74.46
67.49
61.17
55.44
50.25
45.55
41.28
411.58
980.01

PV/FV
Duration
0.090637 0.090637
0.082151 0.164302
0.074459 0.223378
0.067488 0.269951
0.061169 0.305845
0.055442 0.332652
0.050251 0.351757
0.045546 0.364369
0.041282 0.371535
0.411582 4.115821
0.980007 6.590247

Duration
Modified Duration

(%OF PAR)
ER YEAR(%OF PAR)

Scenario Summary
Current Values:

best case

worst case

Changing Cells:
$B$3
422733
622733
322733
$B$4
0.38
0.3
0.45
$B$5
0.5
0.5
0.5
$B$6
0.06
0.06
0.07
$B$7
0.3
0.3
0.3
$B$8
10900
10900
10900
$B$9
0.32
0.32
0.32
$B$10
0.28
0.28
0.28
$B$11
110600
110600
110600
$B$12
121600
121600
121600
Result Cells:
$J$8
36329.3967432 88002.4447432 12252.1172004
Notes: Current Values column represents values of changing cells at
time Scenario Summary Report was created. Changing cells for each
scenario are highlighted in gray.

base case

422733
0.38
0.5
0.06
0.3
10900
0.32
0.28
110600
121600
36329.3967432

ng cells at
ls for each

Scenario Summary
Current Values:

best case

worst case

Changing Cells:
$B$3
422733
622733
322733
$B$4
0.38
0.3
0.45
$B$5
0.5
0.5
0.5
$B$6
0.06
0.06
0.07
$B$7
0.3
0.3
0.3
$B$8
10900
10900
10900
$B$9
0.32
0.32
0.32
$B$10
0.28
0.28
0.28
$B$11
110600
110600
110600
$B$12
121600
121600
121600
Result Cells:
$J$8
36329.3967432 88002.4447432 12252.1172004
$B$16
19520
19520
19520
Notes: Current Values column represents values of changing cells at
time Scenario Summary Report was created. Changing cells for each
scenario are highlighted in gray.

base case

422733
0.38
0.5
0.06
0.3
10900
0.32
0.28
110600
121600
36329.3967432
19520

ng cells at
ls for each

Income Statement

Balance sheet
In Thousand GBP
Sales
622733
COGS
0.3
Operating Expenses/ S
0.5
Interest rate(current)
0.06
Tax Rate
0.3
Dividends
10900
Current Assets
0.32
Current liabilities
0.28
Fixed Assets
110600
Starting Equity
121600

Asset
Cash
Current Assets
Fixed Assets
Total Assets

422733
160638.54
211366.5

10900
135274.56
118365.24
110600
121600

Liability
19520 Debt
199275 Current Liability
110600 Equity
RE
329394 Total Liability

0 -19519.64
174365.2 174365.2
121600
121600
77102.44 77102.44
373068
353548

Income Statement
Sales
COGS
Operating Expenses
Interest
PBT
Tax
PAT
Dividends
RE

Asset
Cash
Current Assets
Fixed Assets
Total Assets

622733
186819.9
311366.5
-1171.178
125717.8
37715.33
88002.44
10900
77102.44

Liability
19520.44 Debt
199274.6 Current Liability
110600 Equity
RE
329395 Total Liability

118365.2
121600
77102.44
317068

Sensitivity Analysis
Of debt and excess cash
To COGS/Sales Ratio
COGS/Sales

Debt
0.3
0.36
0.38
0.4
0.42
0.44
0.45
0.48

Excess Cash

Base
100 Revenue
20 Other Income
-40 COGS
-20 OP EX
-5 Interest
-15 Tax
-40 Profit

Income
Expenses
0
100
0
100
20
0
80
0
40
60
0
20
55
0
5
40
0
15
0
0
40

140
120
100
80
60
40
20
0

Base
-40 COGS
-20 OP EX
-5 Interest
-15 Tax
-40 Profit
20 Other Income
100 Revenue

Expense Income
0
40
0
40
20
0
60
5
0
65
15
0
80
40
0
100
0
20
0
0
100

140
120
100
80
Expenses

60

Income
Base

40
20
0

140
120
100
80

Income

60

Expense
Base

40
20
0