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Default look up formula?

I a parcel value (real estate) that will be typed into a cell (22,500). I
need this value to look at a table and determine what the the closest value
preceding and following it will be such as 20,000 (precediing) and 25,000
(following).


--
Janette
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Default look up formula?

VLOOKUP may be the best option for you:

Look in the Excel help menu:
VLOOKUP(lookup_value,table_array,col_index_num,ran ge_lookup)

Lookup_value The value to search in the first column of the table array
(array: Used to build single formulas that produce multiple results or that
operate on a group of arguments that are arranged in rows and columns. An
array range shares a common formula; an array constant is a group of
constants used as an argument.). Lookup_value can be a value or a reference.
If lookup_value is smaller than the smallest value in the first column of
table_array, VLOOKUP returns the #N/A error value.

Table_array Two or more columns of data. Use a reference to a range or a
range name. The values in the first column of table_array are the values
searched by lookup_value. These values can be text, numbers, or logical
values. Uppercase and lowercase text are equivalent.

Col_index_num The column number in table_array from which the matching
value must be returned. A col_index_num of 1 returns the value in the first
column in table_array; a col_index_num of 2 returns the value in the second
column in table_array, and so on. If col_index_num is:

Less than 1, VLOOKUP returns the #VALUE! error value.
Greater than the number of columns in table_array, VLOOKUP returns the #REF!
error value.
Range_lookup A logical value that specifies whether you want VLOOKUP to
find an exact match or an approximate match:

If TRUE or omitted, an exact or approximate match is returned. If an exact
match is not found, the next largest value that is less than lookup_value is
returned.

Also look at ROUND, CEILING, and FLOOR:
B2 = 29000
C1:C12 = 5,000 to 60,000, in increments of 5,000
A1 = CEILING(VLOOKUP(B1,C1:C12,1),10000)
=30,000

A1 =CEILING(VLOOKUP(B1,C1:C12,1),1)
=25,000

Regards,
Ryan---

--
RyGuy


"Janette" wrote:

I a parcel value (real estate) that will be typed into a cell (22,500). I
need this value to look at a table and determine what the the closest value
preceding and following it will be such as 20,000 (precediing) and 25,000
(following).


--
Janette

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