DAY 5: MICROSOFT EXCEL – CHAPTER 2 Madhuri Siddula September 1, 2015

FORMULA BASICS

CELL REFERENCES Relative Absolute Mixed

DATA

RELATIVE REFERENCE Amount financed = House Cost – Down Payment

ABSOLUTE REFERENCE Rate Per Period = Mortgage Rate / Pmts Per Year

MAKE B5 CONSTANT THROUGHOUT COLUMN F

B5 can be made constant by: –Enter symbol “$” before and after B –Go to the formula and take cursor to B5 and press F4

MIXED REFERENCE # of payment periods = Years * Pmts Per Year

% Financed = Amount Financed / House Cost

FUNCTIONS

FUNCTION CATEGORIES Date and Time Financial Logical Lookup & Reference Math & Trig Statistical

INSERT A FUNCTION

BASIC MATH AND STAT FUNCTIONS SUM MIN MAX COUNT AVERAGE MEDIAN

DATE FUNCTIONS Today Now Date Day Edate Eomonth Month Year

LOGICAL, LOOKUP AND FINANCIAL FUNCTIONS Equal to Not equal to Less than Greater than Less than or equal to Greater than or equal to USE IF CONDITION TO ANALYSE LOGICAL OPERATIONS

VLOOKUP FUNCTION RangeGrade A 80-89B 70-79C 60-69D Below 60F RangeGrade 0F 60D 70C 80B 90A Grading Lookup Table Class Grades VLOOKUP(lookup_value, table_array, col_index_number, [range_lookup])

EXAMPLE

PMT FUNCTION Financial function to calculate monthly payment for the loan taken based on several attributes: –Interest rate per period –Total # of payments for the loan –Present value –Future value –Type

LOGICAL FUNCTION - IF If %down >= downpayment rate –True - Monthly PMI should display “Greater” –False - Monthly PMI should display “Less”

LOGICAL FUNCTION - IF

RANGE NAMES

CREATE A RANGE NAME

USE A RANGE NAME IN A FORMULA