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Advanced Conditional Statements in Excel: Mastering Nested IF Functions

Discover how to leverage advanced conditional statements in Excel through this lesson on nested IF functions. This guide walks you through practical examples that demonstrate how to set up complex conditions using IF, AND, and OR functions to streamline decision-making processes. Learn how to replace specific conditions dynamically and use nested functions to produce accurate outcomes. Master these essential skills to effectively analyze data and enhance your Excel proficiency.

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Advanced Conditional Statements in Excel: Mastering Nested IF Functions

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  1. IF STATEMENT LESSON THREE

  2. PMT OK • IF(E12<0.43,"YES","NO")

  3. SCORE OK • IF(C12>=$F$9,"YES","NO")

  4. DOWN OK • IF(F12>0.1*D12,"YES",”NO”) • THIS USES A NESTED IF WITH A AND STATEMENT TO REPLACE “NO” • AND(F12>0.05*D12,E12<0.4) • IF(AND(F12>0.05*D12,E12<0.4), "YES","NO" • IF(F12>0.1*D12,"YES",IF(AND(F12>0.05*D12,E12<0.4), "YES","NO"))

  5. DISCOUNT OK • IF(CONDITION IS TRUE,"YES",”NO”) • REPLACE “CONDITION IS TRUE WITH OR FUNCTION” • (OR(G12="YES",H12="YES") • REPLACE “NO” with “SUGGEST AUTO PAY” • IF(OR(G12="YES",H12="YES"),"YES","SUGGEST AUTO PAY")

  6. APPROVED • IF(CONDITION IS TRUE,"YES",”NO”) • REPLACE “CONDITION IS TRUE WITH AND FUNCTION” • AND(I12="YES",J12="YES",K12="YES") • IF(I12="NO","Loan Too Large", “SECOND CONDITION”) • REPLACE SECOND CONDITION WITH ANOTHER IF FUNCTION • IF(I12="NO","Loan Too Large",IF(J12="NO","Score too low","Down too low")

  7. APPROVED FINAL SOLUTION • IF(AND(I12="YES",J12="YES",K12="YES"),"YES",IF(I12="NO","Loan Too Large",IF(J12="NO","Score too low","Down too low")))

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