In all of the previous examples, an Excel IF statement returned values. But it can also perform a certain calculation or execute another formula when a specific condition is met or not met. For this, embed another function or arithmetic expression in thevalue_if_trueand/orvalue_if_falseargume...
The tutorial explains the basic and advanced uses of the SUMPRODUCT function in Excel. You will find a number of formula examples to compare arrays, conditionally sum and count cells with multiple criteria, calculate a weighted average and more. When you hear the name of SUMPRODUCT for the ...
The PMT function in Excel calculates the periodic payment on a loan. For example, the monthly mortgage payments a borrower owes. In contrast, the IPMT calculates only the interest owed; hence the “I” in front. IPMT Function ➝ Interest PMT Function ➝ Principal + Interest IPMT function ...
In other words, a formula for an array in Excel examines each value in the array individually and executes several computations on a single or a group of items in accordance with the conditions stated in the formula. There are two types of array formulas: One that returns the result in a...
Excel Functions for Finance Count Words in Excel Advanced Excel Formulas You Must Know INFO Function INTRATE Function See all Excel resources Article Sources VALUE Function Excel Tutorial To master the art of Excel, check out CFI’sExcel Crash Course, which teaches you how to become an Excel pow...
6) And finally, add the Net payable amount in words. Add signature column for the company and employee. You can fill in all the relevant details of the employees in particular cells once the Salary slip format is completed. Examples of simple Salary Slip Format in Excel Following are som...
How to CONVERT Numbers to Words with Built-in Excel Formula? I am writing cheque and invoices that must have the dollar amounts typed in words and it is hectic to type the numbers and then type words manually. For example $541,125.57 should convert to fi...
It is important to note that the makeup of “total engagement” can be altered in any way by the user who is using the metric. For example, the user may want the total engagement on Facebook to include only the total amount of likes. Such alterations are valid if the user uses the ...
Conditional Formatting is a powerful tool in Excel that changes cell colors based on specified conditions. Let’s explore some specific applications: 2.1. Highlighting Specific Words in the Dataset Suppose you want to highlight items like TV and states like Ohio in your dataset. Follow these steps...
The Resale Value refers to the estimated amount of money an asset, such as a used car, can be sold for in the market after usage. In short, the resale value reflects the market value of a product once purchased and subsequently used by a company or consumer. Table of Contents How Does...