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use the appropriate lookup and reference function to retrieve the rental rate from the named range RentalRates. The function should look for an exact matching value from column A in the data.

Question

use the appropriate lookup and reference function to retrieve the rental rate from the named range RentalRates. The function should look for an exact matching value from column A in the data.

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Solution

To retrieve the rental rate from the named range RentalRates, you can use the VLOOKUP function in Excel. Here's how to do it step by step:

  1. Click on the cell where you want to display the rental rate.

  2. Type =VLOOKUP( to start the function.

  3. Click on the cell that contains the value you want to look up. This is the value that Excel will look for in the first column of the named range RentalRates.

  4. Type a comma , to separate the arguments.

  5. Type RentalRates to tell Excel to look in the named range RentalRates.

  6. Type another comma , to separate the arguments.

  7. Type 2 to tell Excel to return the value in the second column of the named range RentalRates. If the rental rate is in a different column, replace 2 with the number of that column.

  8. Type another comma , to separate the arguments.

  9. Type FALSE to tell Excel to look for an exact match.

  10. Type ) to close the function and press Enter.

The final formula should look like this: =VLOOKUP(A1, RentalRates, 2, FALSE). Replace A1 with the cell that contains the value you want to look up.

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