DAY 5:MICROSOFT EXCEL – CHAPTER 2

Madhuri Siddula

Madhuri.siddula@mail.wvu.edu

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

Range Grade

90-100 A

80-89 B

70-79 C

60-69 D

Below 60 F

Range Grade

0 F

60 D

70 C

80 B

90 A

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

Thank you