How To: Use Excel formulas & functions

In this installment of the Excel Basics Series you'll learn how to use formulas to calculate an annual interest rate, as well as breaking it down to a monthly rate and an effective annual rate. A general knowledge of Excel is helpful for navigating the menus in Excel, but if you pay attention during this presentation you'll pick up the skills quickly! Several ideas covered in this video are Formulas with cell references, how to find various Excel functions to use in formulas, and the Effect function. This video will have you calculating interest rates in no time!