How To: Calculate the vest date for a contract in MS Excel

New to Excel? Looking for a tip? How about a tip so mind-blowingly useful as to qualify as a magic trick? You're in luck. In this Excel tutorial from ExcelIsFun, the 269th installment in their series of digital spreadsheet magic tricks, you'll learn how to
use the EDATE function in a formula to calculate the vest date for a contract. Also see the same formula with the DATE, YEAR, MONTH and DAY functions.

The YEAR function looks at a date and tells you what year it is. Example: YEAR(1/1/2005) is 2005.

The MONTH function looks at a date and tells you what month it is. Example: MONTH(1/1/2005) is 1.

The DAY function looks at a date and tells you what day it is. Example DAY(1/1/2005) is 1
DATE function builds a date for you. Example: DATE(2004,2,2) is 2/2/2004.

The EDATE function gives you the same date but a number of months in the future or past. Example: EDATE(1/1/2004,2) is 3/1/2004 and EDATE(1/1/2004,-2) is 11/1/2003.