Microsoft Office 2013: In Practice Chapter 2 Working with Formulas and Functions Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin

Microsoft Office 2013: In Practice 2-2 Student Learning Outcomes Working with Cell References Creating and Editing Basic Formulas Applying Mathematical Order of Operations 2.3 Working with Common Functions 2.4 Working with Financial, Logical, and LOOKUP Functions 2.5 Working with Math and Trigonometry Functions 2.6

Microsoft Office 2013: In Practice 2-3 Case Study Paradise Lakes Resort (PLR) Vacation company Four resort chains In northern Minnesota Incorporate formulas into monthly sales workbooks! Analyze investment options!

Microsoft Office 2013: In Practice 2-4 Creating and Editing Basic Formulas SLO 2.1

Microsoft Office 2013: In Practice 2-5 Creating Basic Formulas Formula syntax  Refers to the required parts of a formula and the rules controlling the order of the parts  Start with an = sign Example: = B5 + B6

Microsoft Office 2013: In Practice 2-6Formulas Enter Formulas Keyboard Select Edit Formulas and Correct Errors Range Finder Formula Auditing Evaluate Formula Message Window Trace Error Circular Reference

Microsoft Office 2013: In Practice 2-7 Working with Cell References SLO 2.2

Microsoft Office 2013: In Practice 2-8 Cell References Relative Absolute Mixed 3D

Microsoft Office 2013: In Practice 2-9 Cell Reference Examples

Microsoft Office 2013: In Practice 2-10 Range Names Identify a group of cells Make interpreting formulas easier Change the range to an absolute reference

Microsoft Office 2013: In Practice D Reference Connect data in different workbooks or worksheets Must click the sheet tab

Microsoft Office 2013: In Practice 2-12 Applying Mathematical Order of Operations SLO 2.3

Microsoft Office 2013: In Practice 2-13 Mathematical Order of Precedence PleaseExcuseMyDearAuntSally

Microsoft Office 2013: In Practice 2-14 Working with Common Functions SLO 2.4

Microsoft Office 2013: In Practice 2-15 Common Functions AUTOSUMAVERAGECOUNTMAX and MINAUTOCALCULATETODAY and NOW

Microsoft Office 2013: In Practice 2-16 Working with Financial, Logical, and LOOKUP Functions SLO 2.5

Microsoft Office 2013: In Practice 2-17 PMT Function Calculates loan payments Useful for personal and business uses Assumes the borrower makes regular payments and the loan has a constant interest rate Rate: Interest rate per period Nper: total number of periods for repayment Pv: present value (principal) Fv: future value Type: when payments are due (optional) Rate: Interest rate per period Nper: total number of periods for repayment Pv: present value (principal) Fv: future value Type: when payments are due (optional)

Microsoft Office 2013: In Practice 2-18 IF Function Evaluates a specified condition Returns one value if the condition is true and one if the condition is false Requires three arguments  Logical test  Value if true  Value if false For example, =IF(C4<=100, “Yes”, “No”) For example, =IF(C4<=100, “Yes”, “No”)

Microsoft Office 2013: In Practice 2-19 LOOKUP Functions VLOOKUP HLOOKUP

Microsoft Office 2013: In Practice 2-20 Working with Math and Trigonometry Functions SLO 2.6

Microsoft Office 2013: In Practice 2-21 Math and Trigonometry Functions SUMIF SUMPRODUCT ROUND

Microsoft Office 2013: In Practice 2-22 Chapter Summary