In this article, we will learn about how to use the EDATE function in Excel.
EDATE function returns the date after adding or subtracting months on a given date.
The EDATE function takes the date as an argument and edits n months to the date.
Date : date_value
Months : months to edit
Let’s understand this function using it in an example.
Here we have some dates and we need to find the Edate value for the given dates and months.
Use the formula:
A2 : Given date
B2 : number of months
As you can see the new_date or EDATE is here.
Now use the formula to the remaining cells to get the EDATE for a given date.
As you can see in C4 cell, 31st Jan becomes 28th Feb as 28th is the last date of the Feb.
EDATE formula gets you the date of expiry, maturity dates or other due dates.
I hope we are clear on how to use the MIRR function and in Excel. Explore more articles on Excel financial functions here. Please feel free to state your query or feedback for the above article.
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