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2. If you were a financial planner, what are some Excel formulas that you might use or need? Please specify and explain (you may need to look this up on the Internet).
You would need to know formulas for: 1.Future value 2.Present value 3.Compound or simple interest 4.Amortization/Depreciation To make your own financial calculator in Excel, start a new file or sheet and label fields for Rate, Nper, PMT, PV, [ [ and Type, and add some sample values. Choose the cell where you want the result for FV to go. Click Insert, then Function (or fx on the task bar) to
open Insert Function window. In the left column, select "Financial". This will give you all the functions in financial calculation. ]
Expert answered|ANGEEELICA|Points 5026|
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Asked 9/6/2011 1:35:26 PM
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2. If you were a financial planner, what are some Excel formulas that you might use or need? Please specify and explain (you may need to look this up on the Internet).
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Updated 9/9/2011 11:51:44 AM
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You would need to know formulas for: 1.Future value 2.Present value 3.Compound or simple interest 4.Amortization/Depreciation To make your own financial calculator in Excel, start a new file or sheet and label fields for Rate, Nper, PMT, PV, [ [ and Type, and add some sample values. Choose the cell where you want the result for FV to go. Click Insert, then Function (or fx on the task bar) to open Insert Function window. In the left column, select "Financial". This will give you all the functions in financial calculation. ]
Added 9/9/2011 11:51:44 AM
This answer has been added to the Weegy Knowledgebase
2. If you were a financial planner, what are some Excel formulas that you might use or need? Please specify and explain (you may need to look this up on the Internet).
Weegy: You would need to know formulas for: 1.Future value 2.Present value 3.Compound or simple interest 4.Amortization/Depreciation To make your own financial calculator in Excel, start a new file or sheet and label fields for Rate, Nper, PMT, PV, [ [ [ and Type, and add some sample values. Choose the cell where you want the result for FV to go. Click Insert, then Function (or fx on the task bar) to open Insert Function window. In the left column, select "Financial". This will give you all the functions in financial calculation. ] (More)
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Expert Answered
Asked 9/6/2011 1:55:15 PM
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2. If you were a financial planner, what are some Excel formulas that you might use or need? Please specify and explain (you may need to look this up on the Internet).
Weegy: SUM, AVERAGE, IF, HYPERLINK, COUNT, MAX, SIN, SUMIF, and STDEV. [ SUM- adds all the numbers in a range of cells. AVERAGE- Returns the average of its argument, which can be numbers or names, arrays, or references that contain numbers. IF- Checks whether a condition is met and returns one value if TRUE and another value if FALSE. HYPERLINK- Creates a shortcut or jump that opens a document stored on your hard drive, a network server, or on the Internet. COUNT- Counts the number of cells in a range that contain numbers. MAX- Returns the largest value in a set of values. Ignores logical values and text. SIN- Returns the sine of an angle. SUMIF- Adds the specified by a given condition or criteria. PMT- Calculates the payment for a loan on constant payments and a constant rate. STDEV- Estimates standard based on a sample (ignores logical values and text in the sample). Read more: ] (More)
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Expert Answered
Asked 9/6/2011 2:03:42 PM
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2. If you were a financial planner, what are some Excel formulas that you might use or need? Please specify and explain (you may need to look this up on the Internet).
Weegy: statistical formulas like sum, sumif, count, count if, array formulas as well (this will help you make your work more efficient). Also logical formulas and and IF to customize whatever criteria/ condition you set. (More)
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Asked 9/6/2011 1:59:50 PM
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2. If you were a financial planner, what are some Excel formulas that you might use or need? Please specify and explain (you may need to look this up on the Internet).
Weegy: Future Value of Annuity: Future Value of an Annuity Annuity = A level payment for a certain number of periods. (Normally payments take place at the end of the period, type 0) Given an annuity (pmt), [ a number of periods (n or nper) and a per period interest rate of 'k', what is the value at the end of the annuity period (FVA). =FV(rate,nper,pmt,PV,type) ] (More)
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Asked 9/6/2011 2:06:47 PM
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