Working with Logical
Formulas
The
previous pages demonstrated how to create, name and use Lookup
tables. Another useful set of Functions are the Logical
formulas.
A Logical
formula is binary. There are only two answers: True/False, Yes/No.
It begins with a Logical Test. Say you wanted to calculate
how much money would be paid in less than 60 days? You could use a
Logical equation here.
1.
Try it: Create a Logical Formula
Select
Cell D1 and type: Pay in 60
Select
Cell D1 and format the label BOLD.
Select
Cell D2.
Go to
Formulas->Function Library ->Logical.
Click on
IF
What Do
You See? Microsoft Excel will prompt you to fill in the
Arguments.
Logical
Test: C2<60
Value_if_true:B2
Value_if_false: 0 (that's a zero)
Please
click OK. Keep
going...!