NYU Hothouse Purchase Worksheet Database and Advanced Excel Concepts Excel Task
Excel_7E_Loan_OptionsundefinedundefinedProject Description:undefinedIn this project, you will use a PMT function to calculate a value and then use it in a two-variable data table. You will create named ranges and use them in formulas.undefinedSteps to Perform:undefined Step Instructions Points Possible 1 Open the file Excel_7E_Loan_Options.xlsx download with this project. 0 2 Display the Hothouse Purchase worksheet. In cell B5, insert the PMT function using the data from the range B2:B4—be sure to divide the interest rate by 12 multiply the years by 12 and display the payment as a positive number. 10 3 Click cell B5, and then use Goal Seek to change the amount of the loan so that the payment goal is 4200 Then, in cell A7, type Option #1 Reduce the Loan Use the Format Painter to apply the cell style from cell A1 to cell A7. Copy the range A2:B5, and then Paste the Values & Number Formatting to cell A8. In cell B2, type 425000 to restore the original loan amount. If necessary, press ESC to cancel the moving border. 10 4 Click cell B5, and then use Goal Seek to change the period of the loan (of the original data) so that the payment is 4200 Then, in cell A13, type Option #2 Increase Years Format the cell the same as cell A7. Copy the range A2:B5, and then Paste the Values & Number Formatting to cell A14. Display the value in cell B15 with two decimal places, and then in cell B3, type 10 to restore the original value. If necessary, press ESC to cancel the moving border. Click cell A1, and then Save your workbook. 10 5 Display the Payment Table worksheet, in the range A2:B4, enter the following row titles and data. (The Currency [0] cell style is already applied to cell B2.) Amount of Loan425,000 Period (months)120 Interest rate (per year)5.25% 8 6 In cell C8, type 60—the number of months in a 5-year loan. In D8, type 120—the number of months in a 10-year loan. Fill the series through cell H8. Apply Bold and Center to the range C8:H8. 8 7 Beginning in cell B9, enter varying interest rates in decrements of 0.5% beginning with 7.0% and ending with 3.5% If necessary, format all the interest rates with two decimal places, and then apply Bold and Center to the range B9:B16. 10 8 In cell B8, enter a PMT function using the information in cells B2:B4. Be sure that you convert the interest rate to a monthly rate and that the result displays as a positive number. 10 9 Create a Data table in the range B8:H16 using the information in cells B2:B4 in which the Row input cell is the Period and the Column input cell is the Interest rate. Copy the format from cell B8 to the results in the data table. Format cell D16 with the Note cell style as the payment option that is closest to $4,200 per month. Click cell A1. 10 10 Display the Advertising Costs by Quarter sheet. Name the following ranges: B6:E9 Newspaper_Costs B10:E14 Digital_Costs B15:E16 Magazine_Costs B17:E17 Billboard_Costs Insert a new row 15. In cell A15, type Designer Podcasts In cell B15, type 1250 In cell C15, type 1525 In cell D15, type 1266 In cell E15, type 1604. 9 11 Display the Name Manager, click Digital_Costs, and then in the Refers to box, edit as necessary so that the end of the range is cell E15. Select the Billboard_Costs and then Edit the name to Signage_Costs Click cell A1, and then Save your workbook. 4 12 Display the Annual Advertising Costs sheet. In cell B5, type =sum(N and sum the values using the appropriate range name in the displayed list of functions. Repeat for the other named ranges. From the Formulas tab, in the Function Library group, use AutoSum to sum all the costs. Click cell A1, and then click Save. 6 13 At the bottom of the workbook window, right-click any sheet tab name, and then click Select All Sheets. With the four worksheets grouped, from the Page Layout tab, display the Page Setup dialog box, and then insert a Custom Footer in the left section that includes the file name. Click the Margins tab, and then center the worksheets Horizontally on the page. Click the Payment Table worksheet, and then set the Orientation of this sheet to Landscape. 4 14 Display Backstage view, click Show All Properties. On the list of Properties, in the Tags box, type payment table, advertising costs In the Subject box, type your course name and section number. On the left, click Save. 1 15 Ensure that the worksheets are correctly named and placed in the following order in the workbook: Hothouse Purchase, Payment Table, Advertising Costs by Quarter, Annual Advertising Costs. Save and close the file, and then submit for grading. 0 undefined Total Points 100
