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Excel functions and formulas can save you time and make you look like an expert. However, most of us do not take full advantage of Excel functions and formulas.
Excel functions are pre-set formulas which make it easier to perform financial, logical, mathematical and many other calculations. The name of the function is what tells Excel what calculation to perform – simple!
Excel formulas are used to perform calculations. Formulas can range from basic mathematical operations – such as addition and subtraction – to complex financial reporting calculations.