
Originally Posted by
protonLeah
Starting with the inner function, MATCH(A3,IRR!$C:$C,0), looks up the value 10 from cell A3 on TLE and finds it in column C of IRR sheet and returns the ROW where it is found. Match finds 10 at row 71 on IRR and passes it to the OFFSET function>
OFFSET(IRR!$C1,MATCH(A3,IRR!$C:$C,0)-1,1,4,2) ----> OFFSET(IRR!$C1,71-1,1,4,2)
That Row number is used in the OFFSET function to define a range or block of cells at a specified position from an anchor cell. In the present case, the anchor cell is C1 on the IRR sheet. The 10 is found at row 71 which is 70 rows below C1 (so I substracted 1).
Next it moves over 1 column to D71. The size of the desired range is specified as 4 rows high and 2 columns wide, with D71 as the upper left corner: i.e. D71:E74.
Finally, VLOOKUP, is used to find "Curr YR" in that range (second row) and return the value in column 2 of the block vis. $63,772.
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