As the software used by millions around the world celebrates its birthday, here are some of the low points
The US scholar James Kwak noted that Excel’s accessibility makes it easy to use but easy to insert mistakes.The US scholar James Kwak noted that Excel’s accessibility makes it easy to use but easy to insert mistakes.But as the spreadsheet software celebrates its 40th birthday, spare a thought for those who misplaced a decimal, left out a row or got their cut and paste wrong. Here are some of the most memorable examples.
“It is sobering that such an error slipped into one of our papers,” they said in a statement. They nonetheless stood by their broad conclusion – debt hinders growth – but the error was jumped on by critics.Fannie Mae, the US mortgage lender, issued a quarterly results statement in 2003 containing accounting errors that totalled more than $1bn.
An error was created after a cell mistakenly divided by the sum of two interest rates, rather than the average, according to the report.
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