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DAY 6:MICROSOFT EXCEL – CHAPTER 2 CONTD.
Aliya Farheen
September 3, 2015
REMINDER
• MyITLab Lesson A – Monday 09/08/2015 by 11:59 pm.
• HW#1- Friday 09/11/2015 by 11:59 pm.
ANNOUNCEMENTS
• MyITLab Lesson B is due on Monday, September 14, 2015 by 11:59 pm.
• Homework #2 –Excel is posted on the website.
• Due date for HW #2 is Friday,
September 18, 2015 by 11:59 pm.
MICROSOFT EXCEL – CHAPTER 2 CONTD.
LOOKUP FUNCTIONS
• Lookup functions are used to look up values in a table to perform calculations or display results
• A Lookup table is a range that contains data for the basis of the lookup and data to be retrieved.
CREATE LOOK UP TABLE
• Look Up table should at least contain two rows and two columns, not including the headings.
VLOOKUP
• Used to gauge an entered value against a range of corresponding results
• Well suited for large tables of data, such as tax tables
• Also to convert the number grades into letter grades
• Has three mandatory arguments
VLOOKUP(CONTD.)
• Syntax =VLOOKUP(lookup_value ,table_array ,
col_index_number , [range lookup])
• The lookup value ─ value to look up in a reference look up table.
• The table_array ─ a range of cells containing the reference table
• The col_index_number ─ the column number in the lookup table that contains return values.
EXAMPLE
Converting the
Number grades to
the letter grades.
VLOOKUP(E3,$A$3:$B$7,2)
Breakpoint Grade NamesFinal Score
Letter Grade
0 F Abbott 85 B60 D Carter 69 D70 C Hon 90 A80 B Jackson 74 C90 A Miller 80 B
Nelsen 78 C
Grading Scale Partial Grade Book
HLOOKUP FUNCTION
• The HLOOKUP function is used when the breakpoints and return data are placed in rows
• The third argument now lists the row index• Syntax
=HLOOKUP(lookup_value ,table_array , row_index_number , [range lookup])
FINANCIAL FUNCTIONS
• Used for decisions involving payments, investments, interest rates, etc.
• Allows you to consider several alternatives• Example :PMT function
PMT FUNCTION
• Used to calculate loan payments• Has three arguments:
– the interest rate per payment period– the number of periods– the amount of the loan
• Computes the associated payment on a loan
PMT(CONTD.)
• Syntax:
Pmt( interest_rate, number_payments, PV, [FV],[Type] )
• Example:– Pmt(7%/12, 2*12, 5000, 0, 0)– returns the monthly payment on a $5,000 loan
at an annual rate of 7%. The loan is paid off in
2 years (ie: 2 x 12).– E2 - 7% ; E3 - 24 ; E4 - $5,000.00 – PMT ( E2/12 , E3 , - E4 )
Questions ?
