Avatar of Michael Keith
Michael Keith
Flag for United States of America asked on

Present Value Formula in Excel 2010 to a specific date

At work we have a specific software that produces analysis for bond deals we work on.  I need to replicate one of the reports in excel that relates to present value of cash flow savings.  The cash flows are semi-annual (3/1 & 9/1 beginning 9/1/2017)  The challenge is I need to be able to PV it back to 6/8/2017.   This means the  cash flow gets PV'd back to June 8, 2017 on a semi-annual cash flow basis.   Also note that the cash flow is related to a municipal bond so it would be on a 30/360 basis instead of act/365.  

Below are the cash flows I am trying to PV along with an excel file that shows the results of the PV from the software I am trying to match and my attempt to write a formula that matches the software result.    As you can see I can come within $144.86 but need to match perfectly.  

PV Date June 8, 2017

Date              Cash Flow
9/1/2017      580,230.17
3/1/2018      34,867.25
9/1/2018      (132.75)
3/1/2019      30,892.00
9/1/2019      5,892.00
3/1/2020      26,561.25
9/1/2020      6,561.25
3/1/2021      21,981.25
9/1/2021      11,981.25
3/1/2022      17,045.75
9/1/2022      17,045.75
3/1/2023      11,754.75
9/1/2023      21,754.75
3/1/2024      6,108.25
9/1/2024      31,108.25
U--Deal-Type-Folders-Urban-Renewal_.xlsx
Microsoft ExcelMicrosoft Office

Avatar of undefined
Last Comment
Michael Keith

8/22/2022 - Mon
SOLUTION
Ryan Chong

THIS SOLUTION ONLY AVAILABLE TO MEMBERS.
View this solution by signing up for a free trial.
Members can start a 7-Day free trial and enjoy unlimited access to the platform.
See Pricing Options
Start Free Trial
GET A PERSONALIZED SOLUTION
Ask your own question & get feedback from real experts
Find out why thousands trust the EE community with their toughest problems.
abbas abdulla

Hi Michael,
Use the Goal Seek Feature in Excel. See the attached pictures. In return This feature find out that to get precise results you should change PV value to be 2.47876051225548%

Br,
Abbas Abdulla
Step1-Goal-Seek.PNG
Goal-Seek-Result.PNG
ASKER CERTIFIED SOLUTION
Rob Henson

THIS SOLUTION ONLY AVAILABLE TO MEMBERS.
View this solution by signing up for a free trial.
Members can start a 7-Day free trial and enjoy unlimited access to the platform.
See Pricing Options
Start Free Trial
GET A PERSONALIZED SOLUTION
Ask your own question & get feedback from real experts
Find out why thousands trust the EE community with their toughest problems.
Michael Keith

ASKER
Thanks for your help.  I have reached out to see if I can get the formula and you are likely right that it must have to do with rounding somewhere in the formulas.   Thanks.
Michael Keith

ASKER
Thanks for taking a look at this and at least giving me a peer review of my formula approach to the problem.  I appreciate the help from you both.
I started with Experts Exchange in 2004 and it's been a mainstay of my professional computing life since. It helped me launch a career as a programmer / Oracle data analyst
William Peck