55 Highly Technical Financial Functions & Tools in Microsoft Excel 2016

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Microsoft Office Excel has provided many tools and functions for the help for the business people and finance related people. These calculations are also of great help to the students of finance. Previously, students of banking and finance had to rely upon the statistical and some of the mathematical tools but now specially formulated econometrics functions for the financial circles of business and finance are available. These tools for the finance are typically made with the combination of statistics and mathematics but are easy to work upon.

To work with these functions, you need to choose and work with functions. For the purpose, follow the tutorial.

Tutorial

Method # 1

1: Press / Click the ‘AutoSum’ button in the top-right command ribbon of the Microsoft Excel 2016. It will open up a popup menu.2: In the popup menu, see; there are 5 following items:

  • Sum
  • Average
  • Count Numbers
  • Max
  • Min
  • More Functions ….

3: In the popup menu, press / click ‘More Functions …’. It will open up a prompt, named; ‘Insert Function’.

4: In the prompt, press / click ‘Or select a category’ to open up a popup of the long list of 14 following sets of functions:

  1. Financial
  2. Date & Time
  3. Math & Trig
  4. Statistical
  5. Look up and Reference
  6. Database
  7. Text
  8. Logical
  9. Information
  10. Engineering
  11. Cube
  12. Compatibility
  13. Web

5: From the popup, select ‘Financial’ and press / click it. It will compile all the functions about the financial calculation and enlist them under the ‘Select a function:’ prompt. From here, you may select any function and press it to become operational.  

Method # 2

Alternatively, you may go directly from the ‘Tabs and Commands’ of the ribbons of Excel screen. For the same, follow the instructions:

1: Press the ‘Formulas’ tab from the ribbon of the Excel home screen. It will open up the ‘Formulas’ ribbon.


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Or You may also press the ‘Formulas’ tab write from the ‘Tabs’ ribbon.

2: In the ‘Formulas’ ribbon, press the ‘Financial’. It will open up a popup menu.

3: Select any function from this popup menu to work with and enjoy.

List of All the Financial Functions, Available in the Excel 2016

  1. COUPNUM
  2. COUPNCD
  3. COUPDAYSNC
  4. COUPDAYS
  5. COUPDAYBS
  6. AMORLINC
  7. AMORDEGRC
  8. ACCPRINTM
  9. ACCPRINT
  10. COUPPCD
  11. CUMIPMT
  12. CUMPRINC
  13. DB
  14. DDB
  15. DISC
  16. DOLLARDE
  17. DOLLARFR
  18. DURATION
  19. EFFECT
  20. FV
  21. FVSCHDULE
  22. INTRADE
  23. IPMT
  24. IRR
  25. ISPMT
  26. MDURATION
  27. MIRR
  28. NOMINAL
  29. NPER
  30. NPV
  31. ODDFPRICE
  32. ODDFYIELD
  33. ODDPRICE
  34. PDURATION
  35. PMT
  36. PPMT
  37. PRICE
  38. PRICEDISC
  39. PRICEMAT
  40. PV
  41. RATE
  42. RECEIVED
  43. PRI
  44. RPI
  45. SLN
  46. SYD
  47. TBILLEQ
  48. TBILLPRICE
  49. TBILLYIELD
  50. VBD
  51. XIRR
  52. XNPV
  53. YIELD
  54. YIELDDISC
  55. YIELDMAT

That’s’ all!