Question Discussion & Solution

Formula palette is used to create and edit formula.
It is also possible to type a function directly into a cell, however, as there are over 300 functions built into Microsoft Excel, some of which are quite complex, Excel provides the Formula Palette to simplify the process.

Lotus 1-2-3 spreadsheet was the first MS-DOS based spreadsheet package which was released on January 26, 1983. It was the IBM PC's first killer application, was hugely popular in the 1980s, displacing the former leader VisiCalc and contributed significantly to the success of the IBM PC. Lotus had difficulties adapting 1-2-3 to the Windows environment, and was overtaken by Microsoft Excel.

Excel offers the following major chart types ?
Column Chart
Line Chart
Pie Chart
Doughnut Chart
Bar Chart
Area Chart
XY (Scatter) Chart
Bubble Chart
Stock Chart
Surface Chart
Radar Chart
Combo Chart

Financial Functions are used to calculate depreciation, rates of return, future values and loan payment amounts.
A list of Excel Financial Functions in Excel are:
?Investment value functions including
1. FV
2. FVSCHEDULE
3. NPV
4. PV
5. RECEIVED
6. XNPV
?Internal rate of return functions including
1. IRR
2. MIRR
3. XIRR
?Asset depreciation functions including
1. AMORDEGRC
2. AMORLINC
3. DB
4. DDB
5. SLN
6. SYD
7. VDB
?Payment functions including
1. CUMIPMT
2. CUMPRINC
3. IPMT
4. ISPMT
5. PMT
6. PPMT
?Dollar conversion including
1. DOLLARDE
2. DOLLARFR
?Yield functions including
1. YIELD
2. YIELDDISC
3. YIELDMAT
4. ODDFYIELD
5. ODDLYIELD
6. TBILLEO
7. TBILLYIELD
?Price functions including
1. PRICE
2. PRICEDISC
3. PRICEMAT
4. ODDFPRICE
5. ODDLPRICE
6. TBILLPRICE

Status indicators are located on the formula bar.