Compound Interest Formula in Excel It is easy to calculate compound interest in Excel. The formula is FV = PV(1+r) n, PV stands for current value, FV for future value, r for interest rate per period, and n for the number of compounding periods. What is compound interest? Compound interest is when a loan, deposit, …
Combining two columns into one is referred to as merging a column. Merging or combining columns in Microsoft Excel is a widely used function by most users. By merging columns, you can use all the data you already have to put it in a third column which will save you time and improve your information’s …
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How to check if a value is numeric or text? / How to identify text (left aligned) and number (right aligned)? How to check Cell Data is Text or Number? Values in Excel worksheets may appear to be numbers, but they do not add up, do not multiply, and cause formula problems. Numbers formatted as text …
The standard deviation is a measure of how far away from the mean a set of numbers are. What is standard deviation and its use: A statistic called standard deviation assesses a dataset’s dispersion in relation to its mean. It is determined as the variance’s square root (the spread of numbers in a dataset). When …
We can separate the data cells that have the same color by sorting the data by color. There are numerous ways to sort by color, including by font color, cell color, and more. When sorting data by color, we may additionally include more levels. Analysis is relatively simple and time-efficient when sorted by color. How …
What is Macro? Macros are small excel programs that automates tasks. In short, macro can save your hours of time. You can create macros that do pretty much anything in Excel or even in other Microsoft Offices. It also creates some functions and functionalities that are not already built-in in Excel. Need caution before enabling macros. Macros are incredible, they save a lot of time, but they can also …
A column is a vertical group of cells in your spreadsheet. Columns can be used to add extra information to your spreadsheet with data entry or calculations. You can use many methods for this – like uses a keyboard shortcut, another that uses the “Home” tab and also uses a right click. How to add …
The Internal Rate of Return (IRR) function helps determine the rate of return an investment would earn based on a sequence of cash flows. Businesses use it to evaluate and select among capital projects. Unlike with an annuity, these cash flows do not need to remain constant. IRR function in Excel – syntax IRR Formula …
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To count all characters in a cell, including letters, numbers, special characters, and all spaces, use Excel’s LEN function. You must utilize the LEN function in Excel to obtain a character count, unlike Word, where you may do so quickly and conveniently utilizing a tool in the menu bar. When to Use the LEN Function …
From the dates below we will find excel month name. In col B the month name will be in short form e.g. JAN, FEB, etc. and in Col C the month name will in full form e.g. January, February, etc. Month name excel in short form through TEXT Function Formula is TEXT (value,format_text) Get month …
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