The SUM function in Excel can replicate and surpass COUNTIFS, SUMIFS, and AVERAGEIFS by combining logical tests, mathematical operations, and auxiliary functions like SIGN and ISNUMBER.

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It is also possible to solve for future value when you know the present value, using a formula like this: FV = PV x (1 + r) n. So, plugging in the same numbers as in the example above: FV= $2,000 ...