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What is the use of the DATEDIF function?
The DATEDIF function calculates the difference between two dates based on a specified unit. For example, =DATEDIF(A1, B1, 'D') returns the number of days between the dates in A1 and B1. You can also use 'M' for months or 'Y' for years. This function is useful for calculating age, tenure, or duration.
The DATEDIF function calculates the difference between two dates based on a specified unit. For example, =DATEDIF(A1, B1, 'D') returns the number of days between the dates in A1 and B1. You can also use 'M' for months or 'Y' for years. This function is useful for calculating age, tenure, or duration.
What is the purpose of the PMT function?
The PMT function calculates the payment for a loan based on constant payments and a constant interest rate. For example, =PMT(0.05/12, 360, 200000) calculates the monthly payment for a $200,000 loan at a 5% annual interest rate over 30 years. This function is useful for financial planning and loan calculations.
The PMT function calculates the payment for a loan based on constant payments and a constant interest rate. For example, =PMT(0.05/12, 360, 200000) calculates the monthly payment for a $200,000 loan at a 5% annual interest rate over 30 years. This function is useful for financial planning and loan calculations.
How do you use the AVERAGEIF function?
The AVERAGEIF function calculates the average of cells that meet a specified condition. For example, =AVERAGEIF(A1:A10, '>10', B1:B10) computes the average of values in B1:B10 where the corresponding cells in A1:A10 are greater than 10. This function is useful for conditional averaging in data analysis.
The AVERAGEIF function calculates the average of cells that meet a specified condition. For example, =AVERAGEIF(A1:A10, '>10', B1:B10) computes the average of values in B1:B10 where the corresponding cells in A1:A10 are greater than 10. This function is useful for conditional averaging in data analysis.