1. DAY 5: MICROSOFT EXCEL – CHAPTER 2 Madhuri Siddula Madhuri.siddula@mail.wvu.edu September 1, 2015

2. FORMULA BASICS

3. CELL REFERENCES Relative Absolute Mixed

4. DATA

5. RELATIVE REFERENCE Amount financed = House Cost – Down Payment

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

8. MAKE B5 CONSTANT THROUGHOUT COLUMN F

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

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

11. % Financed = Amount Financed / House Cost

12. FUNCTIONS

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

14. INSERT A FUNCTION

15. BASIC MATH AND STAT FUNCTIONS SUM MIN MAX COUNT AVERAGE MEDIAN

18. DATE FUNCTIONS Today Now Date Day Edate Eomonth Month Year

21. 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

22. VLOOKUP FUNCTION RangeGrade 90-100A 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])

23. EXAMPLE

26. 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

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

30. LOGICAL FUNCTION - IF

31. RANGE NAMES

32. CREATE A RANGE NAME

34. USE A RANGE NAME IN A FORMULA