openoffice excel random selector from set list equation

#Openoffice excel random selector from set list equation how to

How much will you have accumulated at the end of this time period? Suppose that you have $100 to invest for a period of 5 years at an interest rate of 10% per year. We'll begin with a very simple problem that will provide you with most of the skills to perform financial math using Microsoft Excel: Or, if you prefer to type the function directly, Excel will display a Smart Tag that shows the order of the arguments as you type. You can use the Insert Function dialog box, which will prompt your for the arguments by name. You don't need to memorize the order of the function arguments. Note that in the table, the bold function arguments are required while those in italics are optional. Just as you have to supply at least three of the variables to solve a TVM problem in a financial calculator, you also have to supply at least three of the arguments to each Excel function. The table below shows the equivalency between the calculator keys and Excel functions: Purpose Analogy to Calculator Financial KeysĪll financial calculators have five financial keys, and Excel's basic time value functions are exactly analogous. If you have any questions or comments, please feel free to contact me. I will keep the examples rather elementary, but if you already understand the basics of using Excel, this tutorial will help you to understand the financial functions.Īn Excel spreadsheet can be downloaded that contains each of the examples shown in this tutorial.įor more advanced Excel functionality, please see my Excel pages and/or my Excel Blog.

#Openoffice excel random selector from set list equation how to

This tutorial will demonstrate how to use Excel's financial functions to handle basic time value of money problems using the same examples as in the calculator tutorials. There is more of a learning curve than a regular financial calculator, but it is much more powerful. Are you a student? Did you know that Amazon is offering 6 months of Amazon Prime - free two-day shipping, free movies, and other benefits - to students? Click here to learn moreĮxcel (and other spreadsheet programs) is the greatest financial calculator ever made.