Select cells C4:G4. in VS .NET

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1. Select cells C4:G4.
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You are intentionally leaving cell H4 out of this selection. You will edit the named range later in this exercise.
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Naming Groups of Data
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2. In the Name box at the left end of the formula bar, type V101LastWeek, and then
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press Enter. Excel creates a named range named V101LastWeek.
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3. On the Formulas tab, in the Defined Names group, click Name Manager.
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The Name Manager dialog box opens.
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4. Click the V101LastWeek name.
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The cell range to which the V101LastWeek name refers appears in the Refers To box at the bottom of the Name Manager dialog box.
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5. Edit the cell range in the Refers to box to =MilesLastWeek!$C$4:$H$4 (change
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the G to an H), and then click the check mark button to the left of the box to finalize the update. Excel changes the named range s definition.
6. Click Close.
The Name Manager dialog box closes.
7. Select the cell range C5:H5.
3
Performing Calculations on Data
8. On the Formulas tab, in the Defined Names group, click Define Name.
The New Name dialog box opens.
9. In the Name field, type V102LastWeek. 10. Verify that the definition in the Refers to field is =MilesLastWeek!$C$5:$H$5. 11. Click OK.
Excel creates the name and closes the New Name dialog box. CLEAN UP Save the VehicleMiles workbook, and then close it.
Creating Formulas to Calculate Values
After you add your data to a worksheet and define ranges to simplify data references, you can create a formula, which is an expression that performs calculations on your data. For example, you can calculate the total cost of a customer s shipments, figure the average number of packages for all Wednesdays in the month of January, or find the highest and lowest daily package volumes for a week, month, or year. To write an Excel formula, you begin the cell s contents with an equal (=) sign; when Excel sees it, it knows that the expression following it should be interpreted as a calculation, not text. After the equal sign, type the formula. For example, you can find the sum of the numbers in cells C2 and C3 by using the formula =C2+C3. After you have entered a formula into a cell, you can revise it by clicking the cell and then editing the formula in the formula box. For example, you can change the preceding formula to =C3-C2, which calculates the difference between the contents of cells C2 and C3.
Troubleshooting If Excel treats your formula as text, make sure that you haven t accidentally put a space before the equal sign. Remember, the equal sign must be the first character!
Typing the cell references for 15 or 20 cells in a calculation would be tedious, but Excel makes it easy to enter complex calculations. To create a new calculation, click the Formulas tab, and then in the Function Library group, click Insert Function. The Insert Function dialog box opens, with a list of functions, or predefined formulas, from which you can choose.
Creating Formulas to Calculate Values
The following table describes some of the most useful functions in the list.
Function SUM AVERAGE COUNT MAX MIN Description Finds the sum of the numbers in the specified cells Finds the average of the numbers in the specified cells Finds the number of entries in the specified cells Finds the largest value in the specified cells Finds the smallest value in the specified cells
Two other functions you might use are the NOW and PMT functions. The NOW function displays the time Excel updated the workbook s formulas, so the value will change every time the workbook recalculates. The proper form for this function is =NOW(). To update the value to the current date and time, just press the F9 key or display the Formulas tab and then, in the Calculation group, click the Calculate Now button. You could, for example, use the NOW function to calculate the elapsed time from when you started a process to the present time.
3
Performing Calculations on Data
The PMT function is a bit more complex. It calculates payments due on a loan, assuming a constant interest rate and constant payments. To perform its calculations, the PMT function requires an interest rate, the number of payments, and the starting balance. The elements to be entered into the function are called arguments and must be entered in a certain order. That order is written as PMT(rate, nper, pv, fv, type). The following table summarizes the arguments in the PMT function.
Argument rate nper pv fv type Description The interest rate, to be divided by 12 for a loan with monthly payments, by 4 for quarterly payments, and so on The total number of payments for the loan The amount loaned (pv is short for present value, or principal) The amount to be left over at the end of the payment cycle (usually left blank, which indicates 0) 0 or 1, indicating whether payments are made at the beginning or at the end of the month (usually left blank, which indicates 0, or the end of the month)
If Consolidated Messenger wanted to borrow $2,000,000 at a 6 percent interest rate and pay the loan back over 24 months, you could use the PMT function to figure out the monthly payments. In this case, the function would be written =PMT(6%/12, 24, 2000000), which calculates a monthly payment of $88,641.22. You can also use the names of any ranges you defined to supply values for a formula. For example, if the named range NortheastLastDay refers to cells C4:I4, you can calculate the average of cells C4:I4 with the formula =AVERAGE(NortheastLastDay). With Excel, you can add functions, named ranges, and table references to your formulas more efficiently by using the Formula AutoComplete capability. Just as AutoComplete offers to fill in a cell s text value when Excel recognizes that the value you re typing matches a previous entry, Formula AutoComplete offers to help you fill in a function, named range, or table reference while you create a formula.
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