A #NAME error occurs when a function name or reference is used in a formula that cannot be found in the spreadsheet. If you were using the SUM function and accidentally type it in as SM then you would get the #NAME error, because Excel would not know what SM is.
A #VALUE error occurs when you try to do a calculation on something that is not numeric. This commonly happens when you a formula to add numbers in cells refers to a cell that has text in it, meaning it can't do the calculation, as you cannot add text and numbers.
Excel continually reviews the workbook for errors in formulas as you create or manipulate it
Replicating means copying. So replicating a formula in Excel is copying a formula. This is a very common activity that is done in Excel. You create one formula and then use it in other places on the worksheet.
There are so many kinds of errors in Excel that people make. Many relate to having the wrong cell references and these can cause various kinds of errors. So having the wrong cell reference is really one of the common kinds of mistake.
In Excel an equation can be a formula. All formulas in Excel must start with the equals sign. That is what tells Excel it is a formula.
Excel is Microsoft's spreadsheet application.
There is no formula error button in Excel. However, there is an Error Checking button on the Formulas ribbon in the Formula Auditing section in Excel 2007.
The PVIFA formula in excel refers to Present Value Interest Factor of Annuity. This is able to be calculated in an excel document.
It allows you to complete a formula by prompting you with possible functions based on the letters you type and giving you help in entering the different components of a function when you have found it. It reduces errors by assisting you to enter your formulas and functions.
it is a formula
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The formula bar.
the asterisk is used for what function when building a formula in excel