LARGE returns the nth biggest value in a range: the second largest, the third, whichever position you ask for. SMALL does the same from the bottom.
Syntax
LARGE(array, k)
When to use it
Top three lists, the runner up, the second highest sale of the month.
What trips people up
It works on position, not on distinct values, so if the top two figures are identical then the first and second largest are the same number. Asking for a position beyond the end of the list returns #NUM!.
Set by your computer's language, not by the file. A frequent cause of a correct-looking formula being rejected.
Excel version
XLOOKUP, IFS, TEXTBEFORE and TEXTJOIN need Microsoft 365 or 2021; older versions return #NAME? instead. Choosing the older one switches every walkthrough to a formula that works there.