# Get to know Excel 2010: Create formulas. Quick Reference Card SPREADSHEETS, CELL ADDRESSES, AND FORMULAS

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3 In the Function Library group, click the arrow on any of the Function Library books to see a list of functions. Scroll through the list, and rest your pointer on any function to see a ScreenTip with a description of the function. Click the Insert Function button in the Function Library group. In the Search for a function box, type what you are looking for, and then click Go. For example, type calculate payment. In the Select a function list, click any function to see its description beneath the list. When you find the function you are looking for, click OK to open the Function Arguments dialog box, where you can fill in the arguments for the function. Then click OK to enter the formula in your spreadsheet. USE THE PMT FUNCTION First, here is how to find a function if you do not know the function name. In this example, the PMT function is used to find the monthly payments for a 30-year mortgage at 4.5% interest, on a \$200,000 loan. 1. On the ribbon, click the Formulas tab, and then click the Insert Function button. 2. In the Search for a function box, type calculate payment. 3. In the Select a function list, select PMT. Read the function description below the list, and then click OK. The Function Arguments dialog box opens. The arguments in boldface are required. The other arguments are optional. 4. In the Rate argument box (which is described below the argument list), type 4.5%/12 (the interest rate is divided by 12 equal payments). 5. In the Nper box (total number of payments), type 30*12, the number of years for the mortgage times 12 monthly payments. 6. In the Pv box (present value of the loan), type Press ENTER. The monthly mortgage payment (formatted in red and inside parentheses) is \$1, If you know the name of a function, you can type it directly into the spreadsheet and use Formula AutoComplete. Note that you do not need to have the Formulas tab selected in order to enter a function. You can type a formula regardless of which tab on the ribbon is selected. The following is an example of using the PMT function: 1. Click in an empty cell. Type =P. Formula AutoComplete displays a list of functions that start with P. Scroll down the list until you see the function you want, which is PMT in this example. 2. Click PMT. A ScreenTip displays a description of the function. Double-click the function to enter it into the formula.

4 3. If you need help filling in the arguments, click the name of the function in the ScreenTip that appears beneath the formula. 4. Fill in the arguments as in the previous example. Type a comma between arguments. At the end of the formula, enter the closing parenthesis, and then press ENTER. USE THE PROPER FUNCTION The PROPER function cleans up incorrect capitalization by capitalizing the first letter in each proper name, leaving the rest of the letters in lowercase. This example assumes that you have a one-column list of names. 1. Click in an empty cell next to the first incorrectly capitalized name. Type =PROPER(. 2. Click in the cell with the first name to enter the cell into the formula. 3. Type the closing parenthesis ), and then press ENTER. The name is properly capitalized. 4. Copy the formula down the column (see the steps below for Copy a formula from 1 cell to another ).Now you have two columns, one incorrectly capitalized, and one with proper capitalization that contains formulas you no longer need. 5. Right-click the new column, and select Copy. Select the first column, right-click, and then click Values under Paste Options (to paste only the content, not the formulas). 6. Finally, delete the column with the formulas. COPY A FORMULA FROM ONE CELL TO ANOTHER Using the fill handle 1. Select the cell that contains the formula you want to copy. Move the pointer to the bottom right of the cell until the pointer changes into a black plus sign. 2. Hold the mouse button and drag right, to the adjacent cell. Release the mouse button. USING COPY AND PASTE 1. Select the cell that contains the formula you want to copy. On the Home tab, in the Clipboard group, click Copy. 2. Click in the cell you want to copy the formula to. 3. To paste the formula, on the Home tab, in the Clipboard group, click the arrow on the Paste button, and then click Formulas.

5 FORMULA ERRORS # # # # # The column is not wide enough to display the contents. Increase the column width, shrink the contents to fit the column, or apply a different number format. #REF! A cell reference is not valid. Cells might have been deleted or pasted over. #NAME? You might have misspelled a function name. Cells with errors such as #NAME? might display a color triangle. If you click the cell, an error message appears to give you some error correction options.

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