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To find the difference between two dates, you can subtract the older date from the newer one. That will return the difference in days; however, you might want it in weeks, months, or years. The little-known DATEDIF function is the perfect solution for this. You won't see any mention of it in Excel, as it's undocumented. However, its versatility prevents the need to construct long, windy formulas to achieve the same result, and therefore worth considering. Just make sure you use it responsibly… �
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TikTokglobalexcelsummit
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When building an LBO model in Excel, or evaluating any type of investment, calculating the IRR (internal rate of return) is the gold standard. And in order to do that you typically use one of these formulas: 1. RATE function 2. IRR function 3. XIRR function The hard part for people can be figuring out which one to use when. So, in summary: 1. The RATE function is great for situations where you know the initial investment (PV), the value of the investment at sale (FV) as well as the regular annua
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