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excel course - Absolute &Relative

Resolved · Low Priority · Version Standard

ReplyTue 27 Mar 2007, 09:53Delegate Hannah said...

Absolute &Relative

What's the definition of the two?

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ReplyTue 27 Mar 2007, 10:36Trainer Tracy said...

RE: Absolute &Relative

Hi Hannah,

The book definition is as follows:-

A relative cell reference in a formula, such as A1, is based on a relative position of the cell that contains the formula and the cell the reference refers to. If the position of the cell that contains the formula changes, the reference is changed.

An absolute cell reference in a formula, such as $A$1, will always refer to a cell in a specific location. If the position of the cell that contains the formula changes, the absolute reference remains the same.

Hope that helps

Tracy

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Excel tip:

Creating a range of monthly payments as text

You could use a formula to create a range of payment ie. payment amount for x% to y% rate with fixed terms and principle.

The text that would be "between Xamount and Yamount".

Here is how to do it.

1 Use the PMT function to get your monthly payments figure or whatever frequency of payments that you choose he start range.

See PMT under Excel Help

2. Nest these in the ROUND function to round decimals see ROUND under Excel Help

3. Concatenate this using "&" and concatenate " to " and concatenate "Between ".

4. Concatenate the above to PMT function for the end range

ie.

="Between "&ROUND((PMT1),decimal places)&" and "&ROUND((PMT2),decimal places)

View all Excel hints and tips

What would be a good book on charts please.

» Forum post: Charts

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