Can you afford that new car? Or maybe you loaned money to one of your kids, and you want to calculate a repayment schedule. (Oh yes, they will stick to the plan, without fail.)
To help you figure out the payment amounts, here is a nifty Excel loan payment calculator. (The kids will think you’re cool when you say “nifty”.)
It’s easy to add a line break when you’re typing in an Excel worksheet. Just click where you want the line break, and press Alt + Enter. But how can you add a line break in an Excel formula?
If you have a worksheet with 20 scores listed, how can you calculate an average top 10 scores? And if there are only 11 scores, can the formula automatically adjust, to average just the top 4 scores?
When you were first learning how to use Excel, you quickly discovered the basic Excel functions, like SUM, COUNT, MIN, MAX, and AVERAGE. Now you’re ready for advanced calculations, like how to find MIN IF or MAX IF in Excel.
If you’re setting up a new office, or going grocery shopping, you can use Excel to compare prices. Find best price with Excel INDEX and MATCH functions, combined with MIN. This will help you calculate the lowest price for each item, and see which store sells at that price. Then, print a list, and go shopping!
If you’re working in Excel, there are times when things don’t go right, and you have to do a bit (or a lot!) of troubleshooting.
Lets look at a couple of quick ways to troubleshoot Excel with Formula view, to see the worksheet formulas, and a simple trick for seeing both the formulas and the results.
When you copy data to Excel, from another application, blank cells in the data can cause problems. Everything looks okay, at first glance, but the database blank cells don’t behave like other blank cells in the workbook. See how to fix blank Excel cells copied from a database, or created within Excel. Continue reading “Fix Blank Excel Cells Copied From Database”
This week, Glen emailed me for advice on extracting prices from a lookup table. Some products have a promotional price each month, but other products are sold at the regular price.
Pricing Lookup Table
I’m blocking email attachments these days, so I can’t show you the exact setup of Glen’s Excel worksheet.
However, a simplified version might look something like this:
Pricing Lookup Table
Use VLOOKUP to Find Pricing
In his email, Glen mentioned that he is using a VLOOKUP formula.
If there is a promotional price, he wants VLOOKUP to return the value from the Promo Price column.
If there is no promotional price, Glen wants the price from the Regular Price column.
Use IF Function
To do that, Glen could use the IF function, with VLOOKUP:
In this example, the CHOOSE function selects the correct pricing column to use for the prices. The outer INDEXfunction returns the price from the selected column.
First, the inner INDEXfunction returns the price from the promo column, for the selected product, and we check to see if the price is greater than zero:
INDEX($C$3:$C$6,H3)>0
If there is NO promo price, the result is FALSE (0)