60.1K

Verified Solution

Question

Accounting

Step

Instructions

1

Download and open the file named Exp19_Ch02_Assessment_TimeShare.xlsx. Grader has automatically added your last name to the beginning of the filename.

2

Click cell B2, click the Formulas tab, click Date & Time in the Functions Library group. Select NOW, and then click OK to enter todays date in the cell.

3

Click cell D9. On the Formulas tab, click Logical in the Function Library group, and select IF. Type C9 in the Logical_test box, type B9*$B$4 in the Value_if_true box, and type B9*$B$5 in the Value_if_false box. Click OK, and use the fill handle to copy the contents of cell D9 down the column. Click Auto Fill Options, and click Fill Without Formatting.

4

Click cell E9, type =(B9-D9)/B9, and use the fill handle to copy the contents of cell E9 down the column. Click Auto Fill Options, and click Fill Without Formatting.

5

Click cell F9, type =B9-D9, and and press CTRL+ENTER. Use the fill handle to copy the contents of cell F9 down the column. Click Auto Fill Options, and click Fill Without Formatting.

6

Click cell G9, click Lookup & Reference in the Function Library group and select VLOOKUP. Type C9 in the Lookup_value box, type $D$4:$E$6 in the Table_array box, and type 2 in the Col_index_num box. Click OK.

7

With cell G9 selected, use the fill handle to copy the contents of cell G9 down the column, stopping at row 28. Click Auto Fill Options, and click Fill Without Formatting. With the range G9:G28 selected, on the Home tab, in the Number group, click Increase Decimal twice.

8

Click cell H9, type =G9/12, and press CTRL+ENTER Use the fill handle to copy the contents of cell H9 down the column, stopping at row 28. Click Auto Fill Options, and click Fill Without Formatting. With the range H9:H28 selected, on the Home tab, in the Number group, click Increase Decimal twice.

9

Click cell J9, type =I9*12, and press CTRL+ENTER. Use the fill handle to copy the contents of cell J9 down the column. Click Auto Fill Options, and click Fill Without Formatting.

10

Click cell K9. Click the Formulas tab, click Financial, and then click PMT. Type H9 in the rate box, J9 in the NPER box, and type -F9 in the Pv box. Click OK.

11

Use the fill handle to copy the contents of cell K9 down the column. Click Auto Fill Options, and click Fill Without Formatting.

12

Click cell K29, press ALT+=, and press ENTER.

13

Click cell B32, type =COUNT(A9:A28), and press CTRL+ENTER to calculate the total # of loans.

14

Click cell B33, type =MIN(K9:K28), and press CTRL+ENTER to calculate the lowest monthly payment.

15

Click cell B34, type =MAX(K9:K28), and press CTRL+ENTER to calculate the highest monthly payment.

16

Click cell B35, type =AVERAGE(K9:K28), and press CTRL+ENTER to calculate the average monthly payment.

17

Click cell B36, type =MEDIAN(K9:K28), and press CTRL+ENTER to calculate the median monthly payment.

18

Create a footer with your name on the left side, the sheet name code in the center, and the file name on the right side.

19

Save and close Exp19_Excel_CH02_Assessment_Timeshare.xlsx. Exit Excel and submit as directed.

image

AutoSave Off Gorospe-traboulsee_Exp19_Excel_Cho2_Assessment_TimeShare - Ex... O Search (Alt+Q) A Suzette Gorospe-Traboulsee SG File Home Insert Page Layout Formulas Data Review View Help Comments Share NE A Default Ruler Formula Bar 1 HO 100 100% Zoom to Selection New Window Arrange All Split Hide IO Zoom :- Macros H Keep Page Layout Normal Page Break I Custom Views Preview Workbook Views Exit New Options Gridlines Headings Switch Windows 11. Freeze Panes Unhide Sheet View Show Zoom Window Macros A2 vix fx Date C F G H 1 J L M N 0 Q R S S T U Y B 3 Down payment rate 4 High risk down payment 15% 57 5 Low risk down payment 974 Low risk cut off 450 D Credit Score 100 600 750 E E APR 8.00% 6.50% 4.25% Loan + # of Pmt period: Payment amount 12 WON") = 2402288888888888834 House Cost Credit Scor Down Paymeni Finance Amount Finance Mortgage Rate 240676 $ 464,982.00 382 275499 $ 297,834,00 186 369425 $ 359,085.00 543 269541 $ 427.257.00 137 387508 $ 241,268.00 467 238439 $ 387,484.00 484 229764] $ 414,343.00 261 274363 $ 287,708.00 515 345927 $ 464,618.00 235 323245 $ 257,570.00 569 333036 $ 496,877.00 158 327395 $ 349,955.00 685 348067| $ 233,728.00 128 209891 $ 228,983.00 652 236766 $ 209,085.00 571 301867) $ 384,893.00 361 376626 $ 263,826,00 412 284869 $ 352,905.00 475 2146311 $ 137,534.00 229 343404) $ 103,195.00 670 Rate per perio Years 24 29 26 24 15 20 23 17 25 21 17 16 26 22 26 20 28 20 26 16 27 29 Total Statistics 32 Total # of loans 33 Lowest payment 34 Highest payment 35 Average payment 36 Median payment Timeshares + Ready Accessibility: Investigate 3 + 64% j o o Type here to search ? . W 0C Mostly cloudy

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students