CFI-Excel-eBook

The Corporate Finance Institute Excel
Formula
=CHOOSE(index_num, value1, [value2], …)
The formula uses the following arguments:
1. Index_num (required argument) – It is an integer that specifies which value
argument is selected. Index_num must be a number between 1 and 254, or
a formula or reference to a cell containing a number between 1 and 254.
2. Value1, Value2 – Value1 is a required option but the rest are optional. It is a
list of one or more values that we want to return a value from.
Notes:
1. If index_num is 1, CHOOSE returns value1; if it is 2, CHOOSE returns value2;
and so on.
2. Value1, value2 must be entered as individual values (or references to
individual cells containing values).
3. If the argument index_num is a fraction, it is truncated to the lowest
integer before being used.
4. If the argument index_num is an array, every value is evaluated when
CHOOSE is evaluated.
5. The value arguments can be range references, as well as single values.
How to use the CHOOSE Function in Excel?
To understand the uses of the CHOOSE function, let’s consider an example:
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