From the course: Cert Prep: Excel Expert - Microsoft Office Specialist for Office 2019 and Office 365
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Calculate financial data with NPER() and PMT() functions
From the course: Cert Prep: Excel Expert - Microsoft Office Specialist for Office 2019 and Office 365
Calculate financial data with NPER() and PMT() functions
- In this video, we will look at two financial functions, NPER and PMT. NPER is a function that we can use to determine how many payments we will make for the long-- What will the number of periods be? We'll know the loan amount. The number of periods is the question. We'll know the interest rate and then we can also use the PMT function if we want to know our payment. So, you have a couple different ways to look at this depending on what your knowns are. For the PMT function, we will know the loan amount, the number of periods, the interest rate, we just will not know what our payment will be. Let's take a look at our NPER workbook. And we see that we have a worksheet for each of these functions. So for the NPER function, we will click in B9 and notice we are trying to determine how many months it will take us to pay off our loan of $40,000. We know our monthly payments is $250 and we know the annual interest rate is…
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Contents
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Use AND(), OR(), and NOT() in nested functions6m 9s
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Use IF() and IFS() in nested functions4m 31s
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Use SWITCH() in nested functions3m 38s
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Use SUMIF(), AVERAGEIF(), SUMIFS(), and AVERAGEIFS() functions5m 2s
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Use COUNT() and COUNTIF()2m 54s
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Use MAXIFS() and MINIFS() in nested functions3m 27s
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Look up data using VLOOKUP() and HLOOKUP()5m 52s
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Use the MATCH() and INDEX() functions5m 47s
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Use NOW() and TODAY() functions and calculate dates using WEEKDAY() and WORKDAY() functions8m 15s
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Summarize data from multiple ranges by using the Consolidate feature3m 10s
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Use What-If Analysis Goal Seek and Scenario Manager5m 57s
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Calculate financial data with NPER() and PMT() functions3m 30s
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Troubleshoot formulas9m 24s
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Challenge: Create advanced formulas27s
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Solution: Create advanced formulas9m 8s
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