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The FIXED function in Excel is used to format a number with a fixed number of decimal places and a specified thousands separator and decimal point. It takes three arguments: the number to be formatted, the number of decimal places to display, and a flag indicating whether to use a thousands separator.
Syntax: FIXED(number, [decimals], [no_commas])
Here "number" is the number to be
formatted, "decimals" (optional) is the number of decimal places to
display, and "no_commas" (optional) is a flag indicating whether to
use a thousands separator. If "no_commas" is omitted or set to FALSE,
a thousands separator will appear.
For example, if you have the number 16011.115 in
cell A1 and you want to format it with 2 decimal places and a thousands
separator, you can use the following formula:
Note that the FIXED function returns a text
string, not a number, so it cannot be used in further calculations without
first converting it back to a number using a function like VALUE or multiplying
by 1.