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FINANCE CLUB UNDER SCHOOL OF MANAGEMENT OF GD GOENKA UNIVERSITY
Excel Hack #4 - PMT FUNCTION
What is PMT Function?
PMT Function calculates the payment for a loan based on a constant interest rate, the number of periods, and the loan amount. "PMT" stands for "Payment".
Excel Hack #3 - VLOOKUP Function
What is VLOOKUP Function?
VLOOKUP is short for vertical lookup. VLOOKUP is a built in excel function that, as its name implies, enables you to find a specific value by looking for it vertically across the sheet.
Excel Hack #2 - NPV Function
What is Net Present Value?
Net present value (NPV) is used to calculate the current value of a future stream of payments or receipts from a company, project, or investment.
What is Time Value of Money?
A rupee received today is worth more than a rupee received tomorrow because that rupee can be put to earn interest. The value of money depreciates with time keeping in mind the interest and inflation in the economy. This is called the time value of money.
What is Discounting Rate?
Cashflows that are going to be received in the future need to take into account, the time value of money. Hence, a discounting rate is used to bring future cashflows into its present value.
How is XNPV Function different?
Unlike the regular NPV function in Excel which requires only two parameters, (the discount rate and the cashflows), XNPV also takes into account specific dates for cash flows and is, therefore, much more useful and precise.
Here is the first post in Finclub's Excel Hack series. Our aim through this series is to turn our followers from Excel noobs to Excel experts.
Hack #1 - Sparkline
Steps to follow (Mac and Windows)
1. Select a blank cell at the end of a row of data.
2. Select Insert and pick Sparkline type, like Line, or Column.
3. Select cells in the row and OK in menu.
4. Drag handle to add a Sparkline for each row.
Short cut for windows
ALT + N + S + L
What are Sparklines?
Sparklines are tiny charts inside single worksheet cells that can be used to visually represent and show a trend in your data.
How sparklines help in data visualisation?
Sparklines can draw attention to important items such as seasonal changes or economic cycles and highlight the maximum and minimum values in a different color.
These compact charts visually convey trends in a dataset, making them easy to interpret Showing trends in your worksheet data can be useful, especially when you’re sharing your data with other people or want to show stock market trends.
18/12/2022
The members of Finclub had the privilege of interacting with Mr. Awanish Prasad, the chief guest at the 3rd edition of the Marketing Meet organised by the School of Management. This interaction provided them an opportunity of learning more about the role of AI in the changing business landscape.
Mr. Prasad works as the Head of Product - Customer Experience for Paytm. He has more than 10 years of experience and has held positions at CarTrade, Mobikwik, Times Internet, and Twilio. He has successfully introduced a number of products, including the Certified Inventory Program for used automobiles, CarTrade's Mobile Application (B2B App), Dealer management System (Dealer Profiling) and Online Market-place.
He is an expert on artificial intelligence and spoke to the students about the ways in which artificial intelligence can be effectively used in various sectors, such as marketing and product development. Mr. Prasad used various analogies to better explain the characteristics of artificial intelligence. He explained how AI is all about predicting an event that is going to happen and providing an accurate solution for it. He spoke about, how AI can be compared to a newborn baby and how the type of data that you feed in shapes its personality.
Mr. Prasad shared with us his personal experience with AI as well as the challenges that he faced in his initial years of experience. He also spoke about the role of AI in job creation and emphasized on the fact that it is important that everyone has atleast a basic theoretical knowledge about AI.
The interaction was incredibly educational and motivated the students and also helped them deepen their understanding of artificial intelligence.
24/11/2022
Big 4 is a name known by all, but how known is their origin?
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