If you use Excel to model businesses, business processes, or business transactions, this course will change your life. You’ll learn how to create tools for yourself that will amaze even you. Unrestricted use of this material is available in two ways.

As a stand-alone Web site
It resides on your computer, and you can use it anywhere. No need for Internet access.
At this Web site
If you have access to the Internet whenever you want to view this material, you can purchase on-line access. Unlimited usage. I’m constantly making improvements and you’ll get them as soon as they’re available.

To Order On Line

 Order "Spreadsheet Models for Managers, on-line edition, one month" by credit card, for USD 69.95 each, using our secure server, and receive download instructions by return email.
 Order "Spreadsheet Models for Managers, on-line edition, three months" by credit card, for USD 199.00 each, using our secure server, and receive download instructions by return email.

To Order by Mail

 Make your check payable to Chaco Canyon Consulting, for the amount indicated: For the download: USD 199.00 For access online for three months: USD 199.00 For access online for one month: USD 69.95 And send it to: Chaco Canyon Consulting 700 Huron Avenue, Suite 19C Cambridge, MA 02138

To use the course software you’ll need some other applications, which you very probably already have. By placing your order, you’re confirming that you have the software you need, as described on this site.

 Future value
• You receive \$100. Prevailing interest rate is 4% per year, simple interest. What is the future value of the asset in one year?
• Interest = Principal * Rate * Time
• Principal + Interest = Principal + Principal * Rate * Time
= Principal * (1 + Rate * Time)
= 100 * (1 + 4% * 1)
= 104
• You receive \$100 per month for one year. The interest rate is 4% per year, compounded monthly. What is the future value of the asset in one year?
• 100 * (1 + 4%/12 )12
+ 100 * (1 + 4%/12 )11
+ 100 * (1 + 4%/12 )10 + …

Here’s a simple example of how Future Value is computed. In the first example, we compute the future value of a single payment for one period. In the second, we compute the future value when the interest is compounded over 12 periods. Notice that the calculation in the second example is more complex. There is actually a fairly simple formula that captures this calculation quite neatly.