EXP is used in Google Sheets to calculate the exponential function. The exponential function is used to calculate the rate of change of a value over time. In Google Sheets, you can use the EXP function to calculate the value of an investment at a future date.
The EXP function in Google Sheets calculates the exponential value of a number. The syntax is EXP(number), where "number" is the number to be exponentiated. For example, the expression EXP(2) would return the value 4.
To use the EXP function in Google Sheets, you first need to enter the function into a cell. Then, you need to enter the number of years for which you want the exponential function to calculate the value. After that, you need to enter the starting value for the exponential function. Finally, you need to press the enter key to calculate the result. An example of how to use the EXP function in Google Sheets is shown below. In this example, the function is used to calculate the value of an investment after 10 years. The starting value for the investment is $1,000, and the annual interest rate is 6%.
=EXP(10, 1000, 6%)
There are a few occasions when you should not use EXP in Google Sheets. One reason is that the function is not compatible with some of the other functions in Sheets. Another reason is that it can be unstable and cause your sheet to crash. Finally, using EXP can lead to inaccurate results, so it is not recommended for use in scientific or financial calculations.
In Google Sheets, there are a few similar formulae to EXP. The three most similar are POWER(), LN(), and LOG(). POWER() takes a value and raises it to a power, LN() takes a value and calculates the natural logarithm of that value, and LOG() takes a value and calculates the logarithm of that value with base 10.