Spreadsheets C268: Final OA Study Guide

Adds the individual numbers or the numbers included in the range(s). - SUM() Counts the number of cells in a range of cells that contain numbers. - COUNT() Counts the number of cells in a range of cells that are not blank - COUNTA() Calculates the simple average of a set of numbers - AVERAGE() Returns the largest value in a set of numbers - MAX() Returns the smallest value in a set of numbers - MIN() Calculates the interest rate earned for an investment - RATE() Calculates the annual percentage rate for an interest rate - EFFECT() Calculates the number of payments that will be made to pay off a loan - NPER() Calculates the payment amount for a loan - PMT() Calculates the current value of an investment (accounting for compound interest) - PV() Calculates the future value of an investment - FV() Combines Boolean expressions to determine if ALL of the combined expressions are TRUE - AND() Combines Boolean expressions to determine if ANY of the combined expressions are TRUE - OR() Check to see if a Boolean expression is not evaluated as TRUE - NOT() Build on Boolean logic and specify the results depending on the results of the Boolean expression - IF() Determine (count) the number of cells within a range of cells that contain a specific value - COUNTIF() Calculate the total (sum) for a set of values that match a specific criterion - SUMIF() Calculate the average for a set of values that match a specific criterion - AVERAGEIF() Returns the related value from the specified column after finding the match in the first column - VLOOKUP() Returns the related value from the specified row after finding the match in the first row - HLOOKUP() The length, in number of characters, of a block of text - LEN() The position of a specific character, word, or phrase within a block of text - SEARCH() Returns the specified number of characters starting from the beginning of a block of text - LEFT() Returns the specified number of characters from the middle of a block of text - MID() Returns the specified number of characters starting from the end of a block of text - RIGHT() Combines blocks of text - CONCATENATE() Calculates the standard deviation for a sample. (Use STDEV.P to calculate the standard deviation for a population.) - STDEV.S() The confidence interval or range of values that we believe the "true" population value falls into - CONFIDENCE.NORM() Calculates the correlation coefficient between two sets of values - CORREL() Calculates, or predicts, a future value along a linear trend by using existing values - FORECAST() ^^ How to calculate payment amount for a loan - In the cell next to the word payment enter: =PMT(rate [select the field with the interest rate]/12 [you put /12 because its monthly and there are 12 months in a year], nper [select the field with the term], pv [select the field with the principal value] - this will produce the results Example: =PMT(C13/12, C12, C11) ^^ Calculate, in cell D20, the interest amount for period 1 by multiplying the balance in period 0 (cell F19) by the loan interest rate (cell C13) divided by 12. Dividing the interest rate by 12 results in the monthly interest rate. This formula is reusable. The interest for a given period is always the monthly interest rate times the balance from the previous period. [3 points] - In the proper cell do the following: ={select the field mark