1. Copyright © 2008 Pearson Prentice Hall. All rights reserved. 11 Copyright © 2008 Prentice-Hall. All rights reserved. Committed to Shaping the Next Generation of IT Experts. Chapter 2: Formulas and Functions Robert Grauer, Keith Mulbery, Judy Scheeren Exploring Microsoft Office Excel 2007

2. Copyright © 2008 Pearson Prentice Hall. All rights reserved. 2 Objectives Create and copy formulas Insert basic statistical functions Use the IF function Use the VLOOKUP function Use the PMT function

3. Copyright © 2008 Pearson Prentice Hall. All rights reserved. 3 Copy Formulas with Fill Handle Relative cell references change relative to the direction in which the formula is copied Absolute cell references are exact; they do not change when a formula is copied (F4 key)  Indicated by dollar ($) signs in front of the column letter and row number

4. Copyright © 2008 Pearson Prentice Hall. All rights reserved. 4 Functions

5. An Example Copyright © 2008 Pearson Prentice Hall. All rights reserved. 5 ?

6. 6 Basic Statistical Functions MIN calculates the minimum value in a range  =MIN(C4:C10) MAX calculates the maximum value in a range  =MAX(C4:C10) COUNT counts the number of values within a range  =COUNT(C4:C10)

7. Copyright © 2008 Pearson Prentice Hall. All rights reserved. 7 IF Function Used to determine whether a condition has been met Has three arguments:  a condition tested to determine if it is true or false  the resulting value if the condition is true  the resulting value if the condition is false

8. Copyright © 2008 Pearson Prentice Hall. All rights reserved. 8 An Example

9. Copyright © 2008 Pearson Prentice Hall. All rights reserved. 9 VLOOKUP Allows for lookup within a vertical table of information Has three arguments:  a lookup value stored in a cell  a range of cells containing a lookup table  the number of the column within the lookup table that contains the value to return

10. An Example Copyright © 2008 Pearson Prentice Hall. All rights reserved. 10 ?

11. Copyright © 2008 Pearson Prentice Hall. All rights reserved. 11 PMT Function Used to calculate loan payments Has three arguments:  the interest rate per period  the number of periods  the amount of the loan Computes the associated payment on a loan

12. An Example Copyright © 2008 Pearson Prentice Hall. All rights reserved. 12 ? Monthly Interest Rate Number of Payments

13. Copyright © 2008 Pearson Prentice Hall. All rights reserved. 13 Questions?