The add-in inserts itself into Excel’s ribbon menu, where its functionality is easily accessible.
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In Excel, click on EAC Tools to show the menu. |
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The Insert menu allows you to: · insert a demonstration of a function along with its parameter descriptions into a range at the active cell. · insert a pre-formatted table into a range at the active cell. · insert a new pre-formatted sheet into the active workbook. · insert the Mortality Table Wizard into a range at the active cell. |
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The Quick Pick menu allows you to quickly insert a demonstration of the PVSL and PVJL functions along with their parameter descriptions into a range at the currently selected cell. |
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The Function Library works the same as Excel’s standard “function library”. When you select a function, it is inserted into the active cell, and Excel’s standard, “insert function” dialog box pops up allowing you to view and enter the function’s various parameters. Excel’s “Help on this function” also works for
all EAC functions.
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The Library of Tables menu has buttons for mortality tables and mortality improvement scales that shows a pop-up box with all of the tables in the library along with lots of additional useful information. |
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The More menu contains many other features such
as: ·
The ability to audit
an EAC
function to show exactly how the result was calculated. ·
Quick
access to the IRS 417(e) minimum present value segment rates. ·
Links to numerous web sites. ·
Download of most recent data directly from the relevant web sites: PPA segment rates, Treasury rates,
Federal mid-term rates, FTSE spot rates, IRS spot rates, ERISA 4044 yield curve, CPI values from the BLS; Social
Security amounts. ·
Macros to create a user-defined
mortality table and a user-defined 1D mortality improvement scale. |
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The Help menu contains lots of other helpful information: · Links to this Help File (this document) containing detailed information on every formula, as well as technical documentation of the calculations. · Links to several helpful “how-to” demos. · Help and examples on how to define the interest rate parameter. · The EAC Explainer provides a pop-up text box showing detailed information for the item in the currently selected cell: - an EAC function (not all functions are supported yet), - a mortality table, - an interest rate. · Update EAC References forces a recalculation of all EAC functions. · About EAC Tools: version information, EULA, activation, links to on-line news, etc. |
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