✨ Part 1: Introduce📘 DefinitionThe CUMIPMT function in Microsoft Excel helps calculate the cumulative interest paid on a loan between a specified start and end period.🎯 PurposeTo find out the total interest paid over a series of payment periods, which can be beneficial in understanding the financial dynamics of a loan.🔢 Syntax & ArgumentssyntaxCUMIPMT(rate, nper, … Read more
🌟 Part 1: Introduce📌 DefinitionThe IPMT Function in Microsoft Excel calculates the interest payment for an investment or loan period.📌 PurposeThe function is commonly used in financial analysis to determine the interest portion of a payment for a specific period.📌 Syntax & Argumentssyntax=IPMT(rate, per, nper, pv, [fv], [type]) 📌 Explain the Arguments in the FunctionRate: … Read more
🌟 Part 1: Introduction to PPMT Function in Microsoft Excel📚 DefinitionThe PPMT function in Microsoft Excel calculates the principal amount of a loan payment for a specific period.🎯 PurposeThis function is commonly used in Finance and Accounting to break down loan payments into their principal and interest components.🛠 Syntax & Argumentssyntax=PPMT(rate, per, nper, pv, [fv], … Read more
🌟 Part 1: Introduction to XNPV Function in Microsoft Excel📚 DefinitionThe XNPV function in Microsoft Excel calculates the Net Present Value of a series of cash flows that are not necessarily periodic.🎯 PurposeThis function is essential in Finance and Investment for evaluating the current value of a series of future cash flows, discounted back to … Read more
🌟 Part 1: Introduction to XIRR Function in Microsoft Excel📚 DefinitionThe XIRR function in Microsoft Excel calculates the Internal Rate of Return for a series of cash flows that are not necessarily periodic.🎯 PurposeThe function is widely used in Finance and Investment to evaluate the profitability of investments over time.🛠 Syntax & Argumentssyntax=XIRR(values, dates, [guess])Values: … Read more
📌 Part 1: Introduce📚 DefinitionThe IRR (Internal Rate of Return) function in Microsoft Excel calculates the internal rate of return for a series of cash flows.🎯 PurposeThe function is handy for evaluating the profitability of investments, where cash flows can be both incoming (positive values) and outgoing (negative values).📝 Syntax & ArgumentsThe syntax for the … Read more
Part 1: Introduction to the NPV Function in Microsoft Excel📌 Definition:The NPV function in Microsoft Excel calculates the net present value of an investment using a discount rate and a series of future payments (negative values) and income (positive values).📌 Purpose:The function is used to determine the present value of a series of future cash … Read more
Part 1: Introduction to the NPER Function in Microsoft Excel📌 Definition:The NPER function in Microsoft Excel calculates the number of periods for an investment based on periodic, constant payments and a constant interest rate.📌 Purpose:It determines how long it will take to pay off a loan or reach an investment goal with regular payments and … Read more
RATE Function in Microsoft Excel📘 Part 1: Introduce📌 DefinitionThe RATE function in Excel calculates the interest rate per period of an annuity. It’s an iterative function that can have zero or more solutions.📌 PurposeThe primary purpose of the RATE function is to find out the interest rate per period for a series of payments (annuity).📌 … Read more
PMT Function in Microsoft Excel📘 Part 1: Introduce📌 DefinitionThe PMT function is one of Excel’s financial functions. It’s designed to calculate the payment for a loan based on consistent payments and a fixed interest rate.📌 PurposeThe main aim of the PMT function is to determine the monthly loan payment. It’s a go-to tool when you’re … Read more
Excel Tutorial: How to Master the PV Function in Microsoft Excel 📘Part 1: Introduction 💡DefinitionThe PV Function calculates the present value of an investment based on constant payments and a constant interest rate. 🎯PurposeIt helps you determine how much future cash flows are worth in today’s value, assisting in investment analysis. ⌨️Syntax & Argumentssyntax=PV(rate, nper, … Read more
🌟 Part 1: Introduction to the FV Function in Microsoft Excel💡 DefinitionThe FV (Future Value) function in Excel is a financial formula used to calculate the future value of an investment based on a series of regular payments.🎯 PurposeThe function is mainly used for evaluating the future worth of investments, loans, savings, or any financial … Read more
📌 Part 1: IntroductionDefinition: The TRUNC function is a tool in Excel used to truncate a number to an integer by removing the fractional component.Purpose: It is often utilized in business and financial calculations where fractional numbers are not desired. For instance, rounding off might not be appropriate when determining quantities, so truncating becomes necessary.Syntax … Read more
✨ Part 1: Introduce📌 DefinitionThe TANH function in Excel returns the hyperbolic tangent of a number.📌 PurposeThis function is particularly beneficial when normalizing data. In mathematics and various fields, the hyperbolic tangent of a number can be a useful metric.📌 Syntax & Arguments=TANH(number)Where the argument is:number – This is a mandatory argument, which can be … Read more
📌 Part 1: Introduce📖 Definition The TAN function in Microsoft Excel returns the tangent of a given angle.🎯 Purpose The function is primarily used to compute the tangent of an angle, which is a fundamental trigonometric function.🔧 Syntax & ArgumentssyntaxTAN(number)Number: The angle in radians for which you want the tangent.🔍 Explain the Arguments in the … Read more