Complete Guide to Excel 365: Pivot, PowerPivot, & Financial Modeling

What is Power Pivot?

A COM add-in to run a separate UI of MS Analysis Service from within Excel; this can be used to create pivot tables, visualize relationships, and inter-operate with traditional pivot tables

Which sequence of menu actions can be used to create relationships between tables?

Data >> Data Tools >> Create Relationship

A bond has a start date of 01-Dec-2020; this value is in cell D3. Which Excel formula can we use to find its settlement date 5 years from the start date?

EDATE(D3,60)

A bond has a nominal rate of 4%; this value is in cell B3. The bond's start date is in cell D3, and its payment frequency and settlement dates are in cell E3 and F3 respectively. Which Excel formula can we use to find its effective interest rate taking?

EFFECT(B3,E3)

You attempt to combine multiple tables into a Pivot Table, without having created a relationship between the two tables. What happens?

Excel will perform a cross join across those tables, effectively pairing each row from the first table with every row from the second table

Given a series of cash flows, which of the following Excel formulas tells us how much they are worth today?

NPV()

Which sequence of menu actions can be used to create relationships in Power Pivot from Excel?

Power Pivot >> Design View >> Manage Relationships >> Create