Exam 4: Excell: Use Financial and Lookup Functions, Define Names, Validate Data, and Audit Worksheets

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When creating a data table to calculate a payment,the PMT function must be entered in the upper left corner of the range of data.

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When a new row is inserted into a named range,Excel adjusts formulas accordingly.

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Naming cells has no effect on the displayed or underlying values.

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Match the following five terms to their meanings: i.validation list II.data validation III.defined name IV.Watch Window v.scope

(Multiple Choice)
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Match the following five terms to their meanings: i.What-If Analysis II.Goal Seek III.data table IV.one-variable data table v.two-variable data table

(Multiple Choice)
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A range of cells that shows how changing certain values in your formula affects the results of those formulas and that makes it easy to calculate multiple versions in one operation is a(n)________.

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The PMT function calculates the payment for a loan based on constant payments and at a constant interest rate.

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The process of changing the values in cells to see how those changes affect the outcome formulas in a worksheet is called ________.

(Multiple Choice)
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The Error Checking command checks for common errors that occur in formulas.

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A data tables is useful for all of the following except for ________.

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________ look up a value in a defined range of cells located in another part of the workbook to find a corresponding value.

(Short Answer)
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________ are prebuilt formulas that perform common business calculations such as calculating a loan payment on a vehicle.

(Short Answer)
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The Error Checking button displays as a ________.

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Excel includes a group of Formula Auditing features,which consists of tools and commands that help you to check a worksheet for errors.

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When borrowing money,the interest rate and number of periods is quoted in months.

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When you use a(n)________ in a formula,the result is the same as if you typed the cell reference.

(Short Answer)
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Data tables make it easy to calculate multiple versions in one operation,and then to view and compare the results of all the different variations.

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Use the ________ command to locate and resolve an error in a formula.

(Multiple Choice)
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In a lookup formula,the defined range is referred to as the ________.

(Short Answer)
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Present value (Pv)-the total amount that a series of future payments is worth now-is also referred to as the ________.

(Short Answer)
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