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FIN 4424 Week 2 Notes

The document provides instructions on using absolute and relative cell references in Excel, including filling rows or columns and naming cells. It also mentions using financial functions for calculating future value and compounding interest, as well as features like conditional formatting and XLOOKUP. Additionally, it presents a problem related to calculating the time needed to multiply a retirement account balance by 9 at a 4.9% annual return rate.

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jakehuffin
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7 views4 pages

FIN 4424 Week 2 Notes

The document provides instructions on using absolute and relative cell references in Excel, including filling rows or columns and naming cells. It also mentions using financial functions for calculating future value and compounding interest, as well as features like conditional formatting and XLOOKUP. Additionally, it presents a problem related to calculating the time needed to multiply a retirement account balance by 9 at a 4.9% annual return rate.

Uploaded by

jakehuffin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Absolute verse relative cell references

B6 (column $B$6) (row B$6$ ):

Highlight the cells in the direction you want to go when typing cells

Type the inputs in the first two cells and drag across to fill in the rest of the desired cells

Fill a row/column

1. Type the first cell


2. Highlight the cells you want to fill
3. Click the “FILL” tab
4. Click the “series” tab Step value (fill in the first cell) Stop value (fill in the last cell)

Write the future value formula

Compounding interest
Discounting rate

You can click on the Fx (function tab on the top of the excel page, click financial, and get the list of
options

Name your cells in excel:

Click on formulas (note: you can name your cells one at a time by clicking “define name”)

Click create selection

See picture:
Example

Research: conditional formatting (so that the solution you are solving for is black out)

Dropdown

x lookup. ( picks the one that matches the solution out of the possible outcomes)

41:08 on the lecture for x lookup


You already have some money in your retirement acount. If you annual rate
of return is 4.9%, how many years will it take until you have multiplied your
current balance by 9?
Group of answer choices
36.7
41.3
45.9
50.5
55.1
Not enough info

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