For example, the SUM function is a popular choice for quickly adding numbers. Instead of writing =A1+A2+A3+A4+A5, you can simply use =SUM (A1:A5). Note that these are both formulas, but only the ...

The PMT () function, for example, calculates a loan payment given the number of payments, the interest rate and the principal amount. You use it in a cell formula as the following example illustrates: ...

Discover essential Excel formulas and functions to boost productivity, streamline workflows, and make smarter data-driven ...

Formulas are powerful tools for performing calculations and analyzing data in Excel. In this beginner’s guide, you’ll learn how to use formulas and explore some popular built-in functions.

Let's take the example above and say you want to know your monthly payment for a 10-year loan for $100,000 at a rate of 6%. Type " =PMT (" into a new cell , and Excel will prompt you with the ...

3. Select a function from a group (Formulas tab) Narrow your search a bit and choose a formula subset for Financial, Logical, or Date/Time, for example. =TODAY () Inserts today’s date.