In this example, we want to calculate the annual interest rate for 5-year, $5000 loan, and with monthly payments of $93.22. The RATE function is used like this: The function arguments are configured as follows: nper - The number of periods is 60 (5 * 12), and comes from cell C7. pmt - The payment is $93.22, and comes from cell C6. Note pmt is input as a negative value....
One of Excel’s key features is the ability to apply number formats to change the display of numeric data, without affecting the data itself. For example, these numbers are using the “General” number format. If I switch to “Currency”, or “Accounting” they appear differently, but the actual values are unaffected, as you can see in the formula bar. I’ll change back to General. Dates also use number formatting. I can easily switch from a short format to a long format....
When this formula is copied down column G, it will continue to calculate a running balance in each row. Dealing with blank values To display nothing in the balance column when the credit and debit columns are empty, you can use the IF function with AND and ISBLANK like this: This formula will return an empty string ("") when both credit and debit cells are empty, and returns the running balance if either number exists....
In the example shown, the formula in C6 is: In this case, the number format provided is “yyyymm”, which joins a 4-digit year with a 2-digit month value. Display only option If you only want to display a date with the year and month, you can simply apply the custom number format “yyyymm” to the date(s). This will cause Excel to display the year and month together, but will not change the underlying date....
where dates is the named range B5:B15. As the formula is copied down, it returns a count for each day shown in column D. Instead, we use the versatile SUMPRODUCT function, which handles arrays gracefully without the need to use Control + Shift + Enter. We are using SUMPRODUCT with just one argument, which consists of this expression: Working from the inside out, the WEEKDAY function is configured with the optional argument 2, which causes it to return numbers 1-7 for the days Monday-Sunday, respectively....
where shares is the named range C5:C15. The first problem is how to determine whole numbers. This can be done with the INT, TRUNC, or MOD functions as explained in detail here. In this example shown above, we are using the MOD function option: Now that we know how to test for a whole number, how can we use this approach to get a count of whole numbers? You might at first be tempted to use the COUNTIF or COUNTIFS functions....
The original ASCII specification encodes 128 characters into numbers (see table below). These include the numbers 0 to 9, lowercase a-z, uppercase A-Z, and punctuation. The first 31 characters are non-printing “control codes”, most of which are no longer used, with the exception of the carriage return (13), line feed (10), and tab (9). ASCII codes in Excel Excel contains two functions designed to work with ASCII codes: the CHAR function and the CODE function....
The CEILING function takes two arguments, number, and significance. Number is the numeric value to round up. The significance argument is the multiple to which number should be rounded. In most cases, significance is provided as a numeric value, but CEILING can also understand time entered as text like “0:15”. See the example below. CEILING works like the MROUND function, which also rounds to a given multiple. However, unlike MROUND, which rounds to the nearest multiple, the CEILING function rounds up to the next multiple....
Dave Bruns Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.
Examples With a start date in A1 and end date in A2: Will return the same result as: Unlike the simple formula above, the DAYS function can also handle dates in text format, as long as the date is recognized by Excel. For example: The DAYS function returns the number of days between two dates. For example: To include the end date in the count, add 1 to the result: Storing and parsing text values that represent dates should be avoided, because it can introduce errors and parsing problems....
The FLOOR.PRECISE function takes two arguments, number and significance. The number argument is the numeric value to round down, and is the only required argument. With no other input, CEILING.PRECISE will round number up to the next integer. The significance argument is the multiple to which number should be rounded. In most cases, significance is provided as a numeric value, but FLOOR.PRECISE can also understand time entered as text like “0:15”....
By contrast, the FV function can also be used to find the future value of a sum based on a given interest rate, it can’t handle different rates in different periods. Example In the example shown, an initial sum of $1000 is invested for 4 years. In each year, the rate is different as shown below: In the example, the rates are entered in the range C8:C11. The formula in F5 is: FVSCHEDULE returns $1,147....
Examples Numbers or punctuation characters inside a text string are unaffected: If a numeric value is given to LOWER, number formatting is removed. For example, if cell A1 contains the date June 26, 2021, date formatting will be lost and LOWER will return a date serial number as text: If necessary, you can use the TEXT function to workaround this limitation. Use TEXT to convert the number to a text value, then pass that value into lower:...
Logical operators are summarized here. Excel also provides a very large number of built-in functions. Author Dave Bruns Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.
How old are you? Under 18 19-25 26-40 41-60 60+ The chart above shows how the data can be plotted in an Excel column chart that follows the natural order. Another example of ordinal data is data collected with a rating scale like: How satisfied are you with your internet provider? 1 - Very unsatisfied 2 - Mostly unsatisfied 3 - Indifferent 4 - Usually satisfied 5 - Very satisfied Author...
Dave Bruns Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.
Source and target cells do not need to be next to each other, but you’ll need to select the target cell first before the source cell in this case. Dave Bruns Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts....
Dave Bruns Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.
Dave Bruns Hi - I’m Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.
where “holidays” is the named range G5:G10. In the example shown, WORKDAY is configured to get a project midpoint date by adding half of the days value to the start date: Project A is 5 workdays, so E5/2 = 2.5 days. The WORKDAY function ignores fractional values and uses only the integer portion of days, so it uses the value 2 to return a date of May 8. Note the WORKDAY function does not count the start date as a workday....
