An IF function will be entered into an Excel worksheet to evaluate the contents of two cell locations: A7 and C7. Cell A7 contains the percent change from the cost of an investment to its current value. Cell C7 shows the current profit in dollars for an investment. If either cell A7 is greater than 5% or cell C7 is greater than 500, the IF function should multiply the value in cell A1 by the value in cell B1. Otherwise, the function should produce a blank cell. In the space below, enter an IF function using the OR function to produce the outputs described above. Enter this function as if it is being entered into a cell on an Excel worksheet.
An IF function will be entered into an Excel worksheet to evaluate the contents of two cell locations: A7 and C7. Cell A7 contains the percent change from the cost of an investment to its current value. Cell C7 shows the current profit in dollars for an investment. If either cell A7 is greater than 5% or cell C7 is greater than 500, the IF function should multiply the value in cell A1 by the value in cell B1. Otherwise, the function should produce a blank cell. In the space below, enter an IF function using the OR function to produce the outputs described above. Enter this function as if it is being entered into a cell on an Excel worksheet.
Chapter8: Working With Advanced Functions
Section: Chapter Questions
Problem 1.10CP
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![An IF function will be entered into an Excel worksheet to evaluate the contents of two cell locations: A7 and C7. Cell A7
contains the percent change from the cost of an investment to its current value. Cell C7 shows the current profit in dollars for
an investment. If either cell A7 is greater than 5% or cell C7 is greater than 500, the IF function should multiply the value in cell
A1 by the value in cell B1. Otherwise, the function should produce a blank cell.
In the space below, enter an IF function using the OR function to produce the outputs described above. Enter this function as
if it is being entered into a cell on an Excel worksheet.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5145b22-aa2f-4a76-87ed-4764ee0d8d0d%2F2cb920f1-c8c5-4297-a9e9-b19348d5bc50%2Fhumotx8_processed.png&w=3840&q=75)
Transcribed Image Text:An IF function will be entered into an Excel worksheet to evaluate the contents of two cell locations: A7 and C7. Cell A7
contains the percent change from the cost of an investment to its current value. Cell C7 shows the current profit in dollars for
an investment. If either cell A7 is greater than 5% or cell C7 is greater than 500, the IF function should multiply the value in cell
A1 by the value in cell B1. Otherwise, the function should produce a blank cell.
In the space below, enter an IF function using the OR function to produce the outputs described above. Enter this function as
if it is being entered into a cell on an Excel worksheet.
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