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Welcome to Excel Basics Video Number 18. In this video, we got to talk about the Defined Names feature and use defined names and Excel formulas, functions, and for jump go to. Now, were going to learn how to name ranges and then use those names in formulas. Well see our list of names in the name manager, and well also see how to use defined names to jump to various ledger accounts in your Excel workbook. Now, lets go over to the sheet Define Names. Now, defined names sometimes are great. Were going to use the PMT function to calculate our monthly payment. But inside our formula, it would be nice, instead of seeing B3, B4, B5, it would be nice to see the name of the variable. Now, defined names-- you can actually select a range or a single cell and name it anything you want. Im going to click in B3 and up here in the formula bar is the name box. If I click, I can type any name, and now that cell will have that name instead of B3. Im going to type LoanAmount. But guess what? Spa