Create a Named Range

• Select the cells you want to include in a named range.

• Go to Formula tab.
• Click Define Name.
• Enter a name for the range.
 Edit a Named Range
• Go to Formulas.
• Click Name Manager.
• Edit or Delete the name.
 Create Formulas to Calculate Values
• You begin the cell’s contents with an equal (=) sign.
• Formula =C2+C3
• You can revise the formula by clicking the cell and then editing
the formula.
• Formula =C2-C3
 Common Functions – Status bar
 =Sum
 =Average
 =Count
 =Max
=Min

• Right click the status bar.

 Common Functions – Defined Ranges
• Select a range of cells.
• Name the range “numbers”.
• =average(numbers)

• Replace average with sum, count, max and min.

 PMT Function – Calculating Loan Payments
• PMT(rate,nper,pv,fv,type)
• The elements to be entered into the function are called arguments.
• rate: interest rate (divide by 12 for a loan with monthly payments).
• nper: total number of loan payments.
• pv: present value (amount loaned).
• fv: future value (optional): the amount to be left over at the end (leave
blank which means 0).
• Type (optional): 0 or 1 (left blank which indicates 0, or the end of the
month when payments are made).
 Example
• $2,000,000 is loaned.
• 6% annual interest rate (monthly rate = 6% / 12 = 0.5%).
• Pay back over 24 months.
• Pay monthly.

• =PMT(0.5%,24,2000000) = $88,641.22
Using Same Formula for Different Cells

Commission Column: =Sale Price*Rate

Drag the fill handle down: copies the formula

 If Function
• It has three parts:
• Logical_test (holds the condition you want to check)
• Value_if_true
• Value_if_false

• To have Excel print a message through using an If

Function, you enclose the message in quotes.
• If(cell a < cell b, “good”,”bad”)
 AverageIf Function

• Finds the average of values in cells that meet a criterion.

• =Averageif(pick the cells in the Commission column, “>=450”). This

will yield 840.
 Averageif Function

• Say you want to calculate the average sales in Nova Scotia for a particular week.
• =Averageif(pick the cells from the State column, “Nova Scotia”, pick the cells
from the Total column)
• This will yield the average of 30000 and 40000.

• You can also use =Sumif and =Countif functions the same way.
 SumIfs

 Adding more conditions.

 =Sumifs(pick the cells from the Total Column, Pick the cells from the
State column, ”Nova Scotia”, pick the cells from Total,”>=31000”). This
will yield 40000.