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Chapter 6 - Excel

TermDefinition
Absolute Cell Reference A cell reference that does not change when copied because a dollar sign has been placed in front of both the column letter and row number, such as $A$5.
Alphabetical order See Ascending order.
Amortization A method for computing equal periodic payments for an installment loan.
Amortization table Displays the interest and principal amounts for each payment of an installment loan.
Arguments The data required by a function.
Ascending order In order from lowest to highest. Also called alphabetical order when the data is text and chronological order when the data is times or dates.
AVERAGE Function that adds the values in a range of cells and then divides the result by the number of cells in the range.
Chronological See Ascending order.
Descending In order from highest to lowest.
Destination The upper-left cell of the range where data is to be pasted when copying or moving data between sheets.
Function Performs a calculation that results in a single value.
IF function Function that is used to make a decision based on a comparison.
Installment loan Loan that is repaid in a series of periodic payments.
Key sort column The column that contains the values that a sort is based on.
Linked cells Data that is connected to the source cell and will automatically update if the source cell is changed.
MAX Function that displays the largest value in a range of cells.
MIN Function that displays the smallest value in a range of cells.
PMT Function that calculates the periodic payment for an installment loan.
Principal The amount of money owed on a loan.
Relational operators Used to compare two values. Operators include =, <, >, <=, >=, <>.
ROUND function Changes a value by rounding it to a specific number of decimal places.
Sorting Arranging data in a specified order.
Source The cell or range of data to be copied when copying or moving data between sheets.
Spreadsheet model A worksheet containing data relating to a particular situation.
Static Copied data that is not connected to the source data.
SUM Function that adds the values in a range of cells.
Syntax The expected form or structure of a function.
What-if analysis The process of making decisions using a spreadsheet model.
What-if question A question that is answered using a worksheet model.
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