1. An Excel file is called a Workbook. - Default title is Book1 2. Ribbon broken into Tabs (Home, Insert, Page Layout…) - Tabs broken into groups (Clipboard, Font, Alignment) 3. Name box (left) and formula bar (right) - Name box shows address of current cell - Formula bar shows contents of current cell =IPMT (rate, current period#, total #of periods, present value) Example: The interest payment in year 4 is ($4.762.75) on a 30-year loan payment period with an interest rate of 5%. 6. EFFECT This function is important in lending and borrowing businesses. It returns the annual interest rate for non-annual compounding. Syntax for example, holding down ctrl+shift with the umerals below allows you to quickly apply common formats to large amounts of data: +1 - format numbers with two decimal places + 2 - format cells as time + 3 - format cells such as date + 4 - format cells as currency + 5 - format cells as a percentage ctrl +shift+6 - format cells in exponential or … Back to Basics -Excel Tables • Formatting table data You can quickly format table data by applying a predefined or custom table style. • Calculated columns By entering a formula in one cell in a table column, you can create a calculated column in which that formula is instantly applied to all other cells in that table column.