Excel project

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Oq1234z

Computer Science

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its excel project assignment. I do have the instruction so i would upload it here so you can go through it to answer the assignment . also i would upload the excel assignment so you can answer them, in addition i would upload the solution for the assignment so you can compare between them. thanks!

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Vehicle Purchase Description Vehicle 1 Vehicle 2 2016 Ford Mustang Convertible 2014 Honda Accord Hybrid Vehicle Type Passenger Passenger Seller Price MPG City MPG Highway Average MPG dealer $27,800 17 28 private seller $20,463 50 45 $600 $300 $1,000 $700 3.20% 5 1.90% 3 Yearly Costs Maintenance/Year Registration Fee Insurance/Year Need Loan? Amount to Borrow APR Years Monthly Costs Loan Payment Gas Maintenance/Month Insurance/Month Total Monthly Affordable? Analysis Vehicle 3 Vehicle 4 2014 Ducati Diavel Strada Motorcycle 2016 Chevy Colorado Truck private seller $14,250 36 36 dealer $20,100 22 31 $500 $500 $1,500 $600 Maintenance/Year Registration Fee Insurance/Year 2.90% 3 Amount to Borrow APR Years 5.90% 2 Price MPG City MPG Highway Average MPG Loan Payment Gas Maintenance/Month Insurance/Month Total Monthly Analysis Average Highest Lowest Vehicle Purchase Assumptions $8,000 $500 600 $2.50 Total Cash Available for Vehicle Purchase Total Monthly Amount Available to Pay for Operating Vehicle Number of Miles I Expect To Drive Each Month Gas Price Per Gallon Registration Fee Lookup Table column # 1 Cargo Van Farm Vehicle Motor Home Motorcycle Passenger Trailer Truck 2 100 68 100 60 100 30 100 A Skills Approach: Excel 2016 Chapter 3: Using Formulas and Functions Challenge Yourself 3.3 In this project you will complete a vehicle shopping workbook to compare the purchase of several vehicles. After completing the project, you can make a copy of the file and use it to compare vehicle purchases you are considering for yourself. Be sure to save your work often! Skills needed to complete this project: Step 1 Download start file • • • • • • • • • • • • • • • Naming Ranges of Cells Calculating Averages Finding Data Using the VLOOKUP Function Working with Named Ranges Using the Function Arguments Dialog to Enter Functions Using the Logical Function IF Calculating Loan Payments Using the PMT Function Creating Formulas Referencing Data from Other Worksheets Displaying and Printing Formulas Finding Errors Using Trace Precedents and Trace Dependents Finding Minimum and Maximum Values Using Formula AutoComplete to Enter Functions Updating Named Ranges with the Name Manager Editing and Deleting Names with the Name Manager Checking Formulas for Errors 1. Open the start file EX2016-ChallengeYourself-3-3. The file will be renamed automatically to include your name. Change the project file name if directed to do so by your instructor, and save it. 2. If the workbook opens in Protected View, click the Enable Editing button in the Message Bar at the top of the workbook so you can modify it. 3. The registration fee information in cells B11:C17 on the Data sheet will be used in lookup formulas later in this project. Name the range RegistrationFees to make it easier to use later. 4. Return to the Purchase worksheet. 5. Calculate the average MPG for each vehicle. a. Enter a formula in cell C10 using the AVERAGE function to calculate the average value of C8:C9. Use only one argument. b. Copy the formula to the appropriate cells for the other vehicles. c. Excel will detect a possible error with these formulas. Use the SmartTag to ignore the error. Hint: Use the SmartTag while cells C10:F10 are selected and the error will be ignored for all the selected cells. 6. Calculate the registration fee for each vehicle. a. Enter a formula in cell C13 to look up the registration fee for the first vehicle. Use the vehicle type in cell C4 as the Lookup_value argument. Use the RegistrationFees named range as the Table_array argument. The registration fees are located in column 2 of the data table. Require an exact match. b. Copy the formula to the appropriate cells for the other vehicles. 1 | Page Challenge Yourself 3.3 Last Updated 3/19/18 A Skills Approach: Excel 2016 Chapter 3: Using Formulas and Functions 7. Determine whether or not you will need a loan for each potential purchase. a. In cell C15, enter a formula using an IF function to determine if you need a loan. Your available cash is located on the Data sheet in cell A3. If the price of the car is less than or equal to your available cash, display "no". If the price of the car is more than your available, cash, display "yes". Use absolute references where appropriate—you will be copying this formula across the row. b. Copy the formula to the appropriate cells for the other vehicles. 8. Calculate how much you would need to borrow for each purchase. a. In cell C16, enter a formula to calculate the price of the vehicle minus your available cash (from cell A3 in the Data worksheet). Use absolute references where appropriate—you will be copying this formula across the row. b. Copy the formula to the appropriate cells for the other vehicles. 9. Calculate the monthly payment amount for each loan. a. In cell C20, enter a formula using the PMT function to calculate the monthly loan payment for the first vehicle. • Hint: Divide the interest rate by 12 in the Rate argument to reflect monthly payments. • Hint: Multiply the number of years by 12 in the Nper argument to reflect the number of monthly payments during the life of the loan. • Hint: Use a negative value for the loan amount in the Pv argument so the payment amount is expressed as a positive number. b. Copy the formula to the appropriate cells for the other vehicles. 10. Compute the monthly cost of gas. a. In cell C21, enter a formula to calculate the number of miles you expect to drive each month. Divide the value of number of miles (cell A5 from the Data sheet) by the average MPG for the vehicle multiplied by the price of a gallon of gas (cell A6 from the Data sheet). b. Copy the formula to the appropriate cells for the other vehicles. c. If cells D21:F21 display an error or a value of 0, display formulas and check for errors. d. If you still can't find the error, try displaying the precedent arrows. e. Hint: The references to the cells on the Data sheet should use absolute references. If they do not, the formula will update incorrectly when you copy it across the row. 11. Compute the monthly cost of maintenance. a. In cell C22, enter a formula to calculate the monthly maintenance cost: Divide cell C12 by 12. b. Copy the formula to the appropriate cells for the other vehicles. 12. Compute the monthly cost of insurance. a. In cell C23, enter a formula to calculate the monthly insurance cost: Divide cell C14 by12. b. Copy the formula to the appropriate cells for the other vehicles. 2 | Page Challenge Yourself 3.3 Last Updated 3/19/18 A Skills Approach: Excel 2016 Chapter 3: Using Formulas and Functions 13. In cells C24:F24, compute the total the monthly cost for each vehicle. 14. Determine which vehicles are affordable. a. In cell C26, enter a formula using the IF function to display "yes" if the total monthly cost (cell C24) is less than or equal to the total monthly amount available for vehicle expenses (Data sheet, cell A4). Display "no" if the total monthly cost is not less than or equal to the total monthly amount available. b. Copy the formula to the appropriate cells for the other vehicles. c. Display formulas and use the error checking skills learned in this lesson to track down and fix any errors. 15. Complete the Analysis section using formulas with statistical functions. Use named ranges instead of cell references in the formulas. Calculate the average, highest, and lowest values for each of the following: a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. Price MPG City MPG Highway Average MPG Maintenance/Year Registration Fee Insurance/Year Amount to Borrow APR Years Loan Payment Gas Maintenance/Month Insurance/Month Total Monthly Hints: • Select cells B7:F24 and use Excel’s Create from Selection command to create named ranges for each row using the labels at the left side of the range as the names. • Open the Name Manager and review the names Excel created. Notice that any spaces or special characters in the label names are converted to _ characters in the names. • To avoid typos as you create each formula, try using Formula AutoComplete to select the correct range name. 16. Before finishing the project, check the worksheet for errors. Step 2 Upload & Save 17. Save and close the workbook. Step 3 Grade my Project 19. Submit project for grading. 3 | Page 18. Upload and save your project file. Challenge Yourself 3.3 Last Updated 3/19/18 A B 1 2 Vehicle Purchase 3 Description C D E F Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 SOLUTION SAMPLE 4 Vehicle Type 5 6 Seller Price MPG City MPG Highway Average MPG 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2016 Ford Mustang Convertible 2014 Honda Accord Hybrid Passenger Passenger 2014 Ducati Diavel Strada Motorcycle 2016 Chevy Colorado Truck dealer $27,800 17 28 22.5 private seller $20,463 50 45 47.5 private seller $14,250 36 36 36 dealer $20,100 22 31 26.5 $600 100 $1,000 $300 100 $700 $500 60 $1,500 $500 100 $600 Yearly Costs Maintenance/Year Registration Fee Insurance/Year Need Loan? yes Amount to Borrow APR Years yes yes yes $19,800 3.20% 5 $12,463 1.90% 3 $6,250 5.90% 2 $12,100 2.90% 3 Loan Payment Gas Maintenance/Month Insurance/Month Total Monthly $357.54 $66.67 $50.00 $83.33 $557.54 $356.43 $31.58 $25.00 $58.33 $471.34 $276.72 $41.67 $41.67 $125.00 $485.06 $351.35 $56.60 $41.67 $50.00 $499.62 Affordable? no yes yes yes Monthly Costs 25 26 G H I J K L Analysis 1 2 3 SOLUTION SAMPLE 4 5 6 7 8 9 10 Average Highest Lowest Price $ 20,653.25 $ 27,800.00 $ 14,250.00 MPG City 31.25 50 17 MPG Highway 35 45 28 Average MPG 33.125 47.5 22.5 11 12 13 14 Maintenance/Year $ Registration Fee $ Insurance/Year $ 475.00 $ 600.00 $ 90.00 $ 100.00 $ 950.00 $ 1,500.00 $ 300.00 60.00 600.00 15 16 17 18 Amount to Borrow $ 12,653.25 $ 19,800.00 $ 6,250.00 APR 3% 6% 2% Years 3 5 2 19 20 21 22 23 24 25 26 Loan Payment Gas Maintenance/Month Insurance/Month Total Monthly $ $ $ $ $ 335.51 49.13 39.58 79.17 503.39 $ $ $ $ $ 357.54 66.67 50.00 125.00 557.54 $ $ $ $ $ 276.72 31.58 25.00 50.00 471.34
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Vehicle Purchase
Description

Vehicle 1

Vehicle 2

2016 Ford Mustang Convertible 2014 Honda Accord Hybrid
Vehicle Type
Passenger
Passenger
Seller
Price
MPG City
MPG Highway
Average MPG

dealer
$27,800
17
28
22.5

private seller
$20,463
50
45
47.5

$600
100
$1,000

$300
100
$700

Yearly Costs
Maintenance/Year
Registration Fee
I...


Anonymous
I was struggling with this subject, and this helped me a ton!

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