April 2013
Beginner
1020 pages
31h 19m
English
Content preview from Excel 2013: The Missing ManualBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 10. Financial Functions
Calculating cosines and analyzing statistical trends may seem like a great way to tap Excel’s brainpower, but what if you want help tracking the movement of small pieces of green paper from one bank account to another? Fortunately, Excel’s no slouch when it comes to dealing with money. In fact, it comes with a slew of financial functions that can help you figure out the bottom line like a pro.
Most of Excel’s financial functions help you determine how numbers change over time. With them, you can track soaring assets or mounting debts. In this chapter, you’ll start by learning basic financial concepts, like present value and payment period, which Excel bases all of its financial functions on. Afterward, you’ll take a close look at some of the most useful financial functions, complete with examples that answer common questions about mortgages, loans, and investments.
The World of Finance
Before you start using Excel’s financial functions, it helps to understand the financial concepts that lie at the heart of many of these operations. Here are some terms that those wacky accountants love to use:
Present Value (PV). The value of an investment or loan at the very beginning of its life. (Hopefully, after this point, the investment will rise or you’ll begin to pay off the loan.) This number’s also called the principal.
Future Value (FV). The value of an investment or loan at some point in the future.
Rate. The rate at which an investment or loan will increase ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.