What is the difference between functions and formulas in Excel ?
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The main difference between functions and formulas in Excel is that functions have built-in calculations that you can perform without defining it, while formulas are calulations that are defined by the user.
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Explanation:
So in summary, a formula is any calculation in Excel, but a function is a pre-defined calculation. =MAX(A1:B20) is a formula containing a function. Mastering the use of functions in formulas is a key skill in learning financial modelling
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