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Wall Street Prep Excel Crash Course Formulas Explained Exam All Questions And Correct Answers PV (Present Value) Function - ANSWER-Definition: This function provides the present value of a constant stream of cash flows based on the following arguments... 1) Rate: The Annual Interest Rate (Discoun...

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  • September 17, 2024
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Wall Street Prep Excel Crash
Course Formulas Explained
Exam All Questions And
Correct Answers




PV (Present Value) Function - ✔✔✔ANSWER-Definition: This function provides
the present value of a constant stream of cash flows based on the following
arguments...
1) Rate: The Annual Interest Rate (Discount Rate)
2) NPER: Total number of payment periods
3) PMT: Payment made during each period
4) FV: Future Value [NOT Required]
5) Type: Indicates when payments are due [0/Omitted means end of period, and 1
means the beginning of the period.
Explanation: Simply fill out all of the arguments to reach the present value.

, ROWS Function - ✔✔✔ANSWER-Definition: This function tells you the number
of rows in an array.


SUMIF Function - ✔✔✔ANSWER-Definition: SUMS desired data based on a
singular logical test.
Explanation: Begin by providing this function the desired range to find a certain
criteria, and then finally provide the sum-range for that criteria.


& Function - ✔✔✔ANSWER-A function that concatenates cells with a text string.


ABS (Absolute Value) Function - ✔✔✔ANSWER-Definition: This function
provides the absolute value of a referenced cell.


AND Function - ✔✔✔ANSWER-Definition: A function that facilitates the type of
analysis where you need to evaluate multiple arguments at once. This function
evaluates to true if all arguments (logical_tests) and evaluates to false if one or
more arguments are false. Typically embedded in IF statements/functions.
Explanation: input the arguments you would like evaluated to get a TRUE output
from the function or a FALSE output from the function.


Average Function - ✔✔✔ANSWER-Definition: An Excel function that adds a
group of values, and then divides the result by the number of values in the group.


AVERAGEIF(S) Function - ✔✔✔ANSWER-Definition: Identical to SUMIF and
SUMIFS functions but just the average operation is used instead.

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