Tag: Excel Tutorial

What is the PRICE Excel Function Used for?

 

 

Now we are going to learn all about formulas and functions. This is the best way to learn them:

 

PRICE

Returns the price per $100 face value of a security that pays periodic interest.

 

PRICE(settlement; maturity; rate; yld; redemption; frequency; [basis])

 

The PRICE function syntax has the following arguments:

  • Settlement Required. The security’s settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.
  • Maturity Required. The security’s maturity date. The maturity date is the date when the security expires.
  • Rate Required. The security’s annual coupon rate.
  • Yld Required. The security’s annual yield.
  • Redemption Required. The security’s redemption value per $100 face value.
  • Frequency Required. The number of coupon payments per year. For annual payments; frequency = 1; for semiannual; frequency = 2; for quarterly; frequency = 4.
  • Basis Optional. The type of day count basis to use.
    BASIS DAY COUNT BASIS
    0 or omitted US (NASD) 30/360
    1 Actual/actual
    2 Actual/360
    3 Actual/365
    4 European 30/360

 

Remarks

 

  • Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default; January 1; 1900 is serial number 1; and January 1; 2008 is serial number 39448 because it is 39;448 days after January 1; 1900.
  • The settlement date is the date a buyer purchases a coupon; such as a bond. The maturity date is the date when a coupon expires. For example; suppose a 30-year bond is issued on January 1; 2008; and is purchased by a buyer six months later. The issue date would be January 1; 2008; the settlement date would be July 1; 2008; and the maturity date would be January 1; 2038; which is 30 years after the January 1; 2008; issue date.
  • Settlement; maturity; frequency; and basis are truncated to integers.
  • If settlement or maturity is not a valid date; PRICE returns the #VALUE! error value.
  • If yld < 0 or if rate < 0; PRICE returns the #NUM! error value.
  • If redemption <= 0; PRICE returns the #NUM! error value.
  • If frequency is any number other than 1; 2; or 4; PRICE returns the #NUM! error value.
  • If basis < 0 or if basis > 4; PRICE returns the #NUM! error value.
  • If settlement => maturity; PRICE returns the #NUM! error value.
  • PRICE is calculated as follows:where:
    • DSC = number of days from settlement to next coupon date.
    • E = number of days in coupon period in which the settlement date falls.
    • N = number of coupons payable between settlement date and redemption date.
    • A = number of days from beginning of coupon period to settlement date.

 

Interactive Example

Change the white cells data and see the result in the yellow cell.

 

 

 

Using Navigation Tools in Microsoft Excel

Using Navigation Tools in Microsoft Excel

Learn about essential training in Microsoft Excel, one of the first tools that you have to begin to use, the navigation. Save a lot of time, learning basic keyboard combinations, or commands with the mouse, to navigate between worksheets, workbooks, cells, columns, rows, etc. And begin to increase of the productivity in the using of Microsoft Excel You can learn more about Microsoft Excel productivity here: Excel School

Good Looking Gauges in Microsoft Excel

Good Looking Gauges in Microsoft Excel

Show really cool gauges to show indicators in your work. Let’s make good presentations of data learning with this video. Microsoft Excel has a lot of functionalities, not only create charts and tables, with a bit of creativity and learning from experts, take the most out of this powerful tool. You can learn more about Microsoft Excel charts and applications here: Excel Training Videos

Show Negatives In A Chart In A Different Color Using The Invert If Negative Feature In Excel

How To Show Negatives In A Chart In A Different Color Using The Invert If Negative Feature In Excel

With this video we are going to use the “Invert If Negative” feature in the charts. This is useful to show the negative values in the chart with another color and you don’t have to manually change the color in each bar. You can learn more about Microsoft Excel charts and applications here: Excel Training Videos

VLOOKUP to 36 Different Tables: CHOOSE, OFFSET or INDIRECT function

VLOOKUP to 36 Different Tables with CHOOSE or OFFSET or INDIRECT function

Learn how to: CHOOSE Function Solution, with VLOOKUP and MATCH functions and the asterisk wild card (zero or more characters) OFFSET Function Solution, with VLOOKUP and MATCH functions and the asterisk wild card (zero or more characters) Check is the results for two columns are equivalent using a logical formula and the COUNTIFS function with FALSE Criteria. INDIRECT function Solution, with VLOOKUP and Defined Names You can learn more about Microsoft Excel functions and applications here: Excel Training Videos

Using OFFSET Function in Databases in Microsoft Excel

Using OFFSET Function in Microsoft Excel

Now we are going to see how works the OFFSET function. With the OFFSET function you can returns a reference that is a number of rows and a number of columns from a cell or range of cells selected With this function you can get the specific value in a database, that allows you to search information in big lists of data Let’s see the video and learn how to use the OFFSET function, you can use it with the MATCH function explained in the last video and search specific values in a Database. You can learn more about Microsoft Excel functions and applications here: Excel Training Videos

Using MATCH Function to Manage Databases in Excel

Using MATCH Function to Manage Databases in Excel

In the following video, we are going to use the MATCH function, this functions used with another useful function the OFFSET function, allows you to search specific values in a database

These two functions are really easy to use, and when you learn to use it very well you can get the most out of the manipulation of data in large lists Let’s see the video and learn how to use initialy the MATCH function and let’s begin to get data of big lists and databases.

Excel has more and less 300 functions and you can make a lot of formulas to simplify your work. Learn how to construct formulas with the following tool: Excel Formula Helper E-Book

List of Reminders and Future Tasks in Microsoft Excel

In Microsoft Excel, you can manage all your tasks, or to-do lists in an easy way. With the following video you can see how easy you can manage your time. You now can see that Excel is a place where you can make a lot of things, including some simple applications that allows you to save time.

 

PV function and FV function in Microsoft Excel

Present Value and Future Value in Microsoft Excel

One of the most commonly used financial functions in Excel are Present value (PV) and Future Value (FV). Both functions use similar arguments so it is only necessary to understand the terminology to use them properly.

The PV() and FV() functions in Excel The arguments for those functions are:

– Nper: The total number of periods. For example, if a monthly payment is made for one year periods total will be 12. If a payment is made monthly for 3 years we will have a total of 36 periods.

– PMT: The payment made each period.

– Rate: The constant interest rate for each period. When we use financial functions must remember that the values can be positive or negative depending on whether you are receiving money or if you are paying. Another important thing to note is that generally interest rates are expressed on an annual basis, so if you’re doing a monthly calculation we divide the interest rate by 12.

The basic sintax for both functions is the following: PV (Rate, Nper, PMT) FV (Rate, Nper, PMT) Now, see the following calculations:

The FV function and the PV function in Microsoft Excel

In this example I have used the same parameters for both the VA function and for the VF function. The future value helps us know how much money we will have in a future date if you start investing today the amount specified with a fixed interest rate. The present value is the value today that we will be making an investment in future payments at a fixed interest rate. Excel Total

Multi Page Userform in Microsoft Excel

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