Excel for Finance Functions

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Excel for Finance Functions

This Excel for finance functions template demonstrates sample calculations using the top 10 most important functions and formulas for finance professionals.

Below is a preview of the XNPV function example:

Excel for Finance Functions Screenshot

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Determines the Net Present Value (NPV) of a series of cash flows at specific dates.

Formula: =XNPV(discount_rate, cash_flows, dates)


Determines the internal rate of return for a series of cash flows, given specific dates.

Formula: =XIRR(cash flows, dates)


Determines the internal rate of return when the cash from one investment is invested in a different one.

Formula: =MIRR(cash flows, cost of borrowing, reinvestment rate)

#4 PMT

Calculates the number of payments given an interest rate, a number of time periods, and the total value of the loan.

Formula: =PMT(rate, number of periods, present value)


Calculates the interest portion of a fixed debt payment.

Formula: = IPMT(rate, current period #, total # of periods, present value)


Returns the effective annual interest rate for non-annual compounding.

Formula: =EFFECT(interest rate, # of periods per year)

#7 DB

Calculates the depreciation expense in each period.

Formula: =DB(cost, salvage value, life/# of periods, current period)


Calculates the yield to maturity for a security.

Formula: =RATE(# of periods, coupon payment per period, price of bond, face value of bond, type)

#9 FV

Determines how much money you will have in the future, given a starting balance, regular payments, and a compounding interest rate.

Formula: =FV(rate, # of periods, payments, starting value, type)


Calculates Beta of a stock, given the weekly returns for the stock and the index you wish to compare it to.

Formula: =SLOPE(dependent variable, independent variable)

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Analyst Certification FMVA® Program

Below is a break down of subject weightings in the FMVA® financial analyst program. As you can see there is a heavy focus on financial modeling, finance, Excel, business valuation, budgeting/forecasting, PowerPoint presentations, accounting and business strategy.


Financial Analyst certification curriculum


A well rounded financial analyst possesses all of the above skills!


Additional Questions & Answers

CFI is the global institution behind the financial modeling and valuation analyst FMVA® Designation. CFI is on a mission to enable anyone to be a great financial analyst and have a great career path. In order to help you advance your career, CFI has compiled many resources to assist you along the path.

In order to become a great financial analyst, here are some more questions and answers for you to discover:


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