Posts Tagged 'Excel functions'

Using NPER function in Excel with formula examples

When building corporate funds, financial analysts often wish to know how long it will take to reach the desired corpus. When applying for a loan, you may want to find out how many payments are required to repay it in full. For such tasks, Excel provides the NPER function. Continue reading

How to use PV function in Excel to calculate present value

Weather you are thinking about buying an insurance annuity or putting some money in a saving account, you are wondering - is that a good deal? To know it for sure, you need to find the present value of an investment. For this, Microsoft Excel provides the PV function. Continue reading

How to calculate present value of annuity in Excel: formula and calculator

If offered a choice to receive a certain sum of money right now or defer the payment into the future, which would you choose? For most of us, taking money now is a natural instinct. In the financial world, this is explained by the time value of money concept. Continue reading

Using LET function in Excel with formula examples

If you work with lengthy formulas in Excel, then you are certainly familiar with the idea of named ranges that make complex formulas easier to read. And now, Microsoft is making a step further and allows assigning names to calculations and values directly in a formula. Continue reading

Excel FV function to calculate future value

Building your personal and corporate finances requires thorough planning. One of the most important factors of success is understanding how much an investment made today will grow to in the future. That is called the future value of investment, and this tutorial will teach you how to calculate it in Excel. Continue reading

Excel RATE function: formula examples to calculate interest rate

Financial decisions are important part of business strategy and planning. In everyday life, we also have quite a lot of financial decisions to make. For such scenarios, Excel provides the RATE function that will help you calculate an interest rate for a specific period. Continue reading

Excel LARGE function with formula examples to get n-th highest value

When analyzing a set of numbers, it often makes sense to find the biggest ones. Getting the highest value is super-easy with the MAX function. When it comes to targeting a specific largest value, say the 2nd or the 3rd biggest number in a dataset, the LARGE function comes in handy. Continue reading

Excel SMALL IF formula to find Nth lowest value with criteria

Trying to get a bottom value based on one or more conditions? Just use the SMALL function together with IF. This tutorial shows how to build such a formula and explains its internal logic, so that you could easily decipher the formula and adjust for your needs. Continue reading

Excel SMALL function with examples to find and highlight bottom values

Need to find a few lowest numbers in a worksheet? This is quite easy to do with the Excel Sort feature. Do not want to re-sort your data with every change? The SMALL function will help you quickly find the lowest value, second lowest, third lowest, and so on. Continue reading

Excel IF wildcard statement for partial text match

Trying to build an IF statement with wildcard text, but it fails every time? The problem is not in your formula but in the function itself - Excel IF does not support wildcard characters. However, there is a way to get it to work for partial text match, and this tutorial will teach you how. Continue reading

Excel wildcard: find and replace wildcards, filter, and use in formulas

When you are looking for something but not exactly sure exactly what, wildcards are a perfect solution. You can think of a wildcard as a joker that can take on any value. There are only 3 wildcard characters in Excel, but they can do so many useful things! Continue reading

How to use SUMIF in Excel with multiple conditions (OR logic)

Microsoft Excel has a special function to sum cells with multiple conditions and the AND logic - the SUMIFS function. In some situations, however, you may need to sum with multiple OR criteria. And this is when the SUMIF function comes in handy. Continue reading

SUMIF function in Excel: formula examples for numbers, dates, text, blanks and not blanks

Microsoft Excel has a handful of functions to summarize large data sets for reports and analysis. One of the most useful functions that can help you make sense of a huge set of diverse data is SUMIF. Continue reading

Excel XMATCH function with formula examples

In Excel 365, the XMATCH function was added to supersede the MATCH function. But before you start upgrading your existing formulas, it would be wise to understand all advantages of the new function and how it differs from the old one. Continue reading

How to create a sequence of dates in Excel and auto fill date series

Until recently, there has been just one easy way to generate dates in Excel - the AutoFill feature. The introduction of the new dynamic array SEQUENCE function has made it possible to make a series of dates with a formula too. This tutorial takes an in-depth look at both methods so that you can choose the one that works best for you. Continue reading

Excel SEQUENCE function - create a number series automatically

The times when you had to put numbers in sequence in Excel manually are long gone. In modern Excel, you can make a simple number series in a flash with the Auto Fill feature. If you have a more specific task in mind, then use the SEQUENCE function, which is specially designed for this purpose. Continue reading

How to generate random numbers in Excel without duplicates

As you probably know, Microsoft Excel has several functions for generating random numbers such as RAND, RANDBETWEEN and RANDARRAY. However, there is no guarantee that their result will be duplicate free. This tutorial shows a few formulas to build your own unique random number generator for Excel. Continue reading

How to get random sample in Excel without duplicates

A while ago, we described a few different ways to randomly select in Excel. Most of those solutions rely on the RAND and RANDBETWEEN functions, which may generate duplicate numbers. If you need a random selection without duplicates, then use the approaches described in this tutorial. Continue reading

RANDARRAY function - quick way to generate random numbers in Excel

As you probably know, Microsoft Excel already has a couple of randomizing functions. What is the sense in introducing another one? In a nutshell, because it's far more powerful and can replace all of the older functions. Continue reading

Excel dynamic arrays, functions and formulas

Due to the revolutionary update in the Excel 365 calculation engine, array formulas become very straightforward and understandable for everyone, not just for super users. The tutorial explains what dynamic arrays are, and how they can make your worksheets more efficient. Continue reading

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