SUMPRODUCT is a highly versatile function and it can be used for many purposes like counting cells, summing values based on multiple criteria, looking up values, comparing data between two ranges, and more. It is also often used to calculate a weighted average. Besides addition and subtraction,...
Although the AutoSum command is quick and easy to use, sometimes, you may need to enter the SUM function manually to calculate the sum of a column or row in Excel. Especially, if you only want to add up some of the cells in your column or if your column contains any blanks cells or...
Now, we need to calculate the balance after 2 years. To do that, we will use the ‘End of Year 1’ balance i.e $105 to calculate the compound interest at the same interest rate. This can be done by copying the same formula down to cells B3, B4, B5, etc. Drag the Fill handle ...
To calculate the CAGR in Excel, you need three essential pieces of information: the beginning value of the investment, the ending value, and the number of periods (typically years). The CAGR formula allows you to determine the mean annual growth rate of an investment, which is particularly us...