How to use the PMT function to Calculate Loan Payment Amount

How to use the PMT function to Calculate Loan Payment Amount

PMT function is an in-built function used to compute the loan payment based on the fixed interest rates and constant payments. Firms or individual who deal with loans mostly uses the function. Therefore, learning how to use this function in Excel is beneficial. In this article, we shall discuss various workarounds and related methods. PMT

How to Calculate Compound Annual Growth Rate (CAGR) in Excel

How to Calculate Compound Annual Growth Rate (CAGR) in Excel

The compound Annual Growth Rate is an investment's mean annual growth rate over a given period. Excel has eased the process of computing CAGR. It is expressed in annual percentage terms. However, there is no direct function of computing CAGR in excel. But instead, several ways and workarounds can be used to compute the CAGR.

How to return cell address instead of value in Excel

How to Return Cell Address instead of Value in Excel

A cell address can be referred to as a column letter and a row number that identifies a cell on a worksheet. Lookup Formulas in Excel to find the matching value or corresponding value in the same row or column. However, one might need to return to the cell address of the value, especially when

How to Calculate Correlation Coefficient In Excel- 2 Ways

How to Calculate Correlation Coefficient In Excel- 2 Ways

A correlation coefficient shows the relationship between two variables; the value should lie between -1 and 1. It simply shows how much an independent variable explains a dependent variable. Fortunately, you can now quickly calculate correlation co-efficient on an Excel worksheet using the following methods. Method 1: Use the CORREL Function Assume you have two

How to compare two columns for differences in Excel

How to compare two columns for differences in Excel

The comparison involves checking if one list matches the other. Excel is a powerful tool for checking if one column matches the data in the other column. This is because excel consists of cells that are arranged in columns. Therefore, few workarounds and formulas can be used to check the comparison between two or more

In Excel, How to sum only positive or Negative numbers – Formula

How to sum only positive or Negative numbers – Formula

When working with Excel datasheets, you may often need to conditional add the data. You may need to sum only the positive numbers or sum only the negative numbers in Excel. It can easily be done using the built-in formulas within Excel. Below, we guide you on how to do this. Let's look at the

How to Hide Formulas in Excel

How to Hide Formulas in Excel

It is easy to get formulas in Excel; by clicking on the cell or, rather, by selecting the Formulas ribbon. It gives you the formula you are looking for and the step-by-step evaluation walkthrough of the formula. However, when you are working on complex calculations, it is important to hide the formulas to avoid cluttering

How to generate random numbers in Excel

How to generate random numbers in Excel

Random numbers are automated generated numbers that are displayed without an order. When working on a worksheet, the user may need to generate random numbers to perform various tasks. This is achievable due to the existence of two worksheet functions that are responsible for generating random numbers. They include The RAND function and the RANDBETWEEN