Professional Documents
Culture Documents
with numbers as inputs; the actual function itself is in Cell G30. Cell E31 shows how the formula would look with cell references as inputs, with the actual function in Cell G31. We always recommend using cell references as inputs to functions, because this makes it easy to change inputs and see the effects on the output. Notice that when entering interest rates in Excel, you must input the actual number. For example, in cell C15, we input 0.05, and then formatted it as a percentage. In the function itself, you can enter 0.05 or 5%, but if you enter 5, Excel will think you mean 500%. This is exactly opposite the convention for financial calculators.