Excel
Excel
display. We DO NOT type in the numbers we are looking for; we type in the equation.
This equation will be updated upon the change or entry of any data that is referenced in
the equation.
C4 (annual interest rate) was divided by 12 because there are 12 months in a year.
Dividing by 12 will give us the interest rate for the payment period - in this case a
payment period of one month.
Excel has most of the math and trig functions built into it. If you need to use the SIN,
COS, TAN functions, they can be typed into any cell. If you wanted to find:
format for degrees formula = sin (angle * pi()/180) the argument angle is in degrees
format for radians formula = sin (angle) the argument angle is in radians
To calculate trig functions in degrees you must convert them - otherwise excel will
calculate them in radians.
You can type in either an actual number for the REF or you can also type in a reference
from the excel spreadsheet (like A2).