Concatenate Function Page 505

Transcription

1 Concatenate Function Page 505 The Concatenate Function is used to tie together different text strings. It is useful, for example, if you have columns in your Excel workbook for First Name and Last Name and you would like to connect the two in a new column that displays the Full Name. Start by typing =CON then use the screen tip to select CONCATENATE

2 Concatenate Function Page 505 The arguments in the Concatenate function are cell references to the text strings you would like to tie together. You ll notice a spacing problem. You need to add another argument that includes a space within quotes.

3 Concatenate Function Page 505 Completed: AutoFill the formula down.

4 Concatenate Function Page 505 Completed: AutoFill the formula down.

5 Excel Tables Pages Excel tables permit you to quickly adjust the appearance of ranges of data, and easily sort and filter the data too. First select the range of data you would like to apply the Excel Table feature to:

6 Excel Tables Pages Then go to the Insert tab, Tables group, Table command: Yes, the table has headers.

7 Excel Tables Pages Use the pull down menus to filter and sort the data in the Excel table: Sort the Salary heading data from Largest to Smallest.

8 Excel Tables Pages Use the pull down menus to filter and sort the data in the Excel table: Filter the County heading to only include Johnson County.

9 Excel Tables Pages You can apply appearance settings from Design tab.

10 Excel Tables Pages To return the range back to a normal range (eliminating the pull down menus), first select the entire range:

11 Excel Tables Pages Then select the Convert to Range command:

12 Data tables are a powerful What-If-Analysis tool in Excel that help make financial decisions. For example, we can create a Two Variable data table that displays a variety of scenarios for an IRA account and the subsequent total amount in the account. The first step is to complete our IRA calculator that uses the FV Function:

13 Now, off to the right in the same worksheet include a cell reference to the thing we are most concerned about. In this case we are most concerned about the total amount in the account. We will use a reference to the total amount made positive (positive numbers are much easier to work with).

14 Create Variations on the Term (Years) in a vertical column below the cell reference. Add a label.

15 Create Variations on the Annual Percentage Rate (APR) in a horizontal column to the right of the cell reference. Add a label.

16 Select the range that contains the main formula (cell F4) and all of the variations (but not the labels). In this case, select the range F4:O14

17 Go to the Data tab, Data Tools group, What-If-Analysis command, Data Table...

18 Row input cell : What did you put in the row of your data table? Well, in this case we put variations on the APR. The Row input cell should be a cell reference to the APR in the calculator, B9. Column input cell : What did you put in the column of your data table? In this case we put variations on the term (years). The Column input cell should be a cell reference to the Term (Years) in the calculator, B6. Excel will automatically convert the cell references to absolute cell references.

19 Apply the accounting number format to the results. Apply borders.

20 Modify the appearance of the main cell reference.

21 Now, review the results. It is important that you understand what you created. The table shows variations on the APR and Term and the subsequent amount in the account. It is used to help make decisions are you better off with a higher interest rate? YES. Will you have more money in the account at retirement age if you begin as soon as possible? YES.

22 Add conditional formatting to scenarios that yield an amount greater than or equal to $750,000. Start by selecting the results:

23 Use the conditional formatting command in the Home tab and program it:

24 With the range of results still selected, manage the conditional formatting rule and change it to greater than or equal to:

25 This is the table with the conditional formatting set: It is set to highlight cells greater than or equal to $750,000.

26 If there is a problem and you want to redo the Data Table (but not the labels or variations), you must select the range of the results: Then right-click and select Clear Contents : Special Note: If you click within your data table and it seems that the cursor is stuck use the ESC key.

27 This is the result of clearing the contents:

28 Let s solve a sample word problem together (perhaps you ll see something like this on Excel Test #2):

29 Go to the next worksheet in your workbook (Data File available online Data File for November 5 ):

30 Check Your Work: