Wall Street Prep Excel Crash Course Formulas Expla
Wall Street Prep Excel Crash Course Formulas Expla
Exam (elaborations)
Wall Street Prep Excel Crash Course Formulas Explained Exam All Questions And Correct Answers
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Wall Street Prep Excel Crash Course Formulas Expla
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Wall Street Prep Excel Crash Course Formulas Expla
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...
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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