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The LET function in Excel is a powerful tool that allows you to assign names to calculations or expressions within a formula. This helps to simplify complex formulas by allowing…

The DB (Declining Balance) function in Excel is used to calculate the depreciation of an asset for a specified period using the fixed-declining balance method. This method accelerates the depreciation,…

The SLN function in Excel is used to calculate the straight-line depreciation of an asset for one period. This method of depreciation spreads the cost of the asset evenly over…

The IPMT function in Excel is used to calculate the interest portion of a payment for a given period in an amortized loan or investment. This function is particularly useful…

The PMT function in Excel is used to calculate the periodic payment required to repay a loan or an investment over a specified period, with a fixed interest rate. This…

The IRR (Internal Rate of Return) function in Excel is a powerful tool used in financial analysis to calculate the rate of return at which the net present value (NPV)…

The NPV (Net Present Value) function in Excel is a crucial tool in financial analysis. It allows you to calculate the present value of a series of cash flows that…

The FV function in Excel is a powerful tool used to calculate the future value of an investment or a series of periodic payments, considering a constant interest rate. This…

In Excel, the QUARTILE.EXC and QUARTILE.INC functions are used to calculate specific quartiles for a dataset. Quartiles divide data into four equal parts, with the 1st quartile (Q1) being the…

In Excel, the PERCENTILE.EXC and PERCENTILE.INC functions are used to find the k-th percentile of a dataset. The k-th percentile is the value below which a certain percentage of observations…