What function does one use to calculate emi on excel

Re: emi using excel

The function in Excel for calculating EMI is not EMI but PMT. It requires minimum three arguments. They are 1. Rate of interest (Rate), 2. Number of periods (Nper) and 3. Value of loan or present value (Pv) in that order, that is, PMT (Rate, Nper, Pv)
If you want to find EMI for 1 lakh at 10% annual interest for 10 years you enter the following in one of the cells:
= pmt(10%/12, 10*12, 100000)

Borrowed from http://www.hindu.com/pp/2004/02/28/stories/2004022800160500.htm

Posted on Nov 09, 2007

The "&" symbol is commonly known as "ampersand" and it is a calculation operator. Ampersand can be used in Excel 2010 to join text items from different cells. It functions much similar as "CONCATENATE" function. The output value you will get by using ampersand function will be the same as the one you will get by using CONCATENATE function. For example, =A1 & B1 returns the same value as=CONCATENATE(A1, B1)

To know more about the CONCATENATE/ ampersand function, you can refer to the following webpages:

http://office.microsoft.com/en-in/excel-help/concatenate-function-HP010342288.aspx

(**Important:** Below mentioned link is of a third-party website. We recommend you to update your security software thoroughly before clicking on the link.)

http://excelsemipro.com/2010/08/concatenate-function-or-ampersand-operator-in-excel/

(**Important:** Below mentioned link applies to Excel 2007. Still, you can refer it to understand more about ampersand function.)

http://office.microsoft.com/en-in/excel-help/combine-the-contents-of-multiple-cells-HA010248390.aspx?CTT=1

GuruAid.com

To know more about the CONCATENATE/ ampersand function, you can refer to the following webpages:

http://office.microsoft.com/en-in/excel-help/concatenate-function-HP010342288.aspx

(

http://excelsemipro.com/2010/08/concatenate-function-or-ampersand-operator-in-excel/

(

http://office.microsoft.com/en-in/excel-help/combine-the-contents-of-multiple-cells-HA010248390.aspx?CTT=1

GuruAid.com

Jul 30, 2014 | Microsoft Excel 2010

Excel does not have a built in function for calculating a weighted average. For a detailed example of how to do it, follow this link: http:\\www.meadinkent.co.uk\xlwtdavg.htm

Chris

on Sep 26, 2007 | Microsoft Office Standard for PC

The WorkDay Function returns a number that's the serial date that is the indicated number of working days from a given date (the starting date). Working days EXCLUDE weekends and any dates identified as holidays. Use WORKDAY to exclude weekends or holidays when you calculate invoice due dates, expected delivery times, or the number of days of work performed.

The Syntax is:

=WORKDAY(start_date,days,holidays)

where:

- start_date is in Date format (and can be a calculated value);

- days is a number of elapsed days after start_date (can be calculated, can be negative to indicate a date BEFORE start_date);

- holidays is an array of holidays you can specify if desired.

The Syntax is:

=WORKDAY(start_date,days,holidays)

where:

- start_date is in Date format (and can be a calculated value);

- days is a number of elapsed days after start_date (can be calculated, can be negative to indicate a date BEFORE start_date);

- holidays is an array of holidays you can specify if desired.

May 01, 2014 | Microsoft Excel for PC

Formulas are used to specify calculations based on values in designated cells. Excel supports basic calculations as well as statistical, trigonometric and other specialized functions.

Formulas used in Excel must follow a certain syntax.

- All formulas begin with an equals sign
**(=)**. - Some formulas use operands such as
**+,-, *,/**for addition, subtraction, multiplication or division.

For example, the formula =A1+A2+A3 would add the contents of cells A1, A2 and A3. - Other formulas refer to different functions such as SUM, AVERAGE and others.

For example, the formula =SUM(A1:A3) would add the contents for the range A1 through A3. - Formulas can be
**combined with operands.**

For example, the formula =10*SUM(A1:A3) would add the contents cells A1 through A3 and multiply them by 10. - Functions can
**be nested within each other.**

For example, the formula =SQRT(10*SUM(A1:A3)) would take the square root of ten times the sum of cells A1 through A3. When functions are nested, it is important that the number of left parentheses match the number of right parentheses.

Aug 19, 2011 | Microsoft EXCEL 2004 for Mac

The IRR function is provided by Excel so you can calculate an
internal rate of return for a series of values. The IRR is the interest
rate accrued on an investment
consisting of payments and income that occur at the same regular
periods. In the values provided to the function, you enter payments you
make as negative values and income you receive as positive values.

For instance, let's say you are investing in your daughter's business, and she will make payments back to you annually over the course of four years. You are planning to invest $50,000, and you expect to receive $10,000 in the first year, $17,500 in the second year, $25,000 in the third, and $30,000 in the fourth.

Since the $50,000 is money you are paying out, it is entered in Excel as a negative value. The other values are entered as positive values. For instance, you could enter –50000 in cell D4, 10000 in cell D5, 17500 in cell D6, 25000 in cell D7, and 30000 in cell D8. To calculate the internal rate of return, you would use the following formula:

=IRR(D4:D8)

The function returns an IRR of 19.49%.

The ranges you use with the IRR function must include at least one payment and one receipt. If you get a #NUM error, and you have included payments and receipts in the range, then Excel needs more information to calculate the IRR. Specifically, you need to provide a "starting guess" for Excel to work with. For example:

=IRR(D4:D8, -5%)

This usage means that the IRR function starts calculating at –5%, and then recursively attempts to resolve the IRR based on the values in the range.

For instance, let's say you are investing in your daughter's business, and she will make payments back to you annually over the course of four years. You are planning to invest $50,000, and you expect to receive $10,000 in the first year, $17,500 in the second year, $25,000 in the third, and $30,000 in the fourth.

Since the $50,000 is money you are paying out, it is entered in Excel as a negative value. The other values are entered as positive values. For instance, you could enter –50000 in cell D4, 10000 in cell D5, 17500 in cell D6, 25000 in cell D7, and 30000 in cell D8. To calculate the internal rate of return, you would use the following formula:

=IRR(D4:D8)

The function returns an IRR of 19.49%.

The ranges you use with the IRR function must include at least one payment and one receipt. If you get a #NUM error, and you have included payments and receipts in the range, then Excel needs more information to calculate the IRR. Specifically, you need to provide a "starting guess" for Excel to work with. For example:

=IRR(D4:D8, -5%)

This usage means that the IRR function starts calculating at –5%, and then recursively attempts to resolve the IRR based on the values in the range.

Jun 09, 2010 | Microsoft Office Professional 2007 Full...

The DSUM function is very useful, but it does use a lot of processing. Every DSUM function does a scan of every row of your table. There are a few ways you can reduce computing time.

First (and the most obvious) is to reduce the number of DSUM functions or reduce the size of your table. I presume you have already tried this.

Secondly consider using Pivot Tables to do the task, or to reduce the size of your table. There is a Pivot Table wizard under the Data menu. It's a fairly user friendly feature of Excel, so I suggest you try it out on your table. Pivot tables will be many times faster than DSUM functions because they only scan the table once. There are some tutorials available on the internet.

Third, if your DSUM functions are only summing one value in the table, then it would be much quicker if you can sort the table on the lookup value (or criteria). Then use LOOKUP, VLOOKUP or MATCH functions to find the value you're looking for. On a sorted table, these functions are many times faster that DSUM functions.

I hope this helps a little. It's hard to diagnose without seeing the spreadsheet and knowing the details of the problem you are trying to solve.

First (and the most obvious) is to reduce the number of DSUM functions or reduce the size of your table. I presume you have already tried this.

Secondly consider using Pivot Tables to do the task, or to reduce the size of your table. There is a Pivot Table wizard under the Data menu. It's a fairly user friendly feature of Excel, so I suggest you try it out on your table. Pivot tables will be many times faster than DSUM functions because they only scan the table once. There are some tutorials available on the internet.

Third, if your DSUM functions are only summing one value in the table, then it would be much quicker if you can sort the table on the lookup value (or criteria). Then use LOOKUP, VLOOKUP or MATCH functions to find the value you're looking for. On a sorted table, these functions are many times faster that DSUM functions.

I hope this helps a little. It's hard to diagnose without seeing the spreadsheet and knowing the details of the problem you are trying to solve.

Oct 23, 2009 | Microsoft Office Excel 2003 for PC

for example, cell A1 has date (01-01-2008) and cell A2 has current date (08-24-2008) and cell A3 shows total days, is that you want to know? if yes, apply formula as under...

cell A3......(properties set as General to show digits)................ =SUM(A2-A1)

cell A3......(properties set as General to show digits)................ =SUM(A2-A1)

Aug 25, 2008 | Microsoft Office Professional 2007:...

Here try this link

http://support.microsoft.com/kb/214116

http://support.microsoft.com/kb/214116

Nov 12, 2007 | Microsoft Excel for PC

Microsoft Excel is an application used for building spreadsheets. It has many built in calculation and graphics tools. Some people use it to track expenses while other use it to graph numbers for charting process.
As far as data analyzing it all depends on the data. Whether is sales figures or budget information. It all can be done inside of excel using it built in formulas and functions.

Sep 22, 2007 | Microsoft Office Standard for PC

Apr 25, 2014 | Microsoft Office Standard for PC

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