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On the Loan worksheet, in cell C9, enter a PMT function to calculate the monthly payment...
enter a PMT function to calculate the monthly payment for the Altamonte Springs 2018 facilities loan
on a loan worksheet in cell c9 enter a PMT function to calculate the monthly payment for the Altamonte Springs 2018 facilities loan. Ensure that the function returns a positive value and set the references to cells B5 and B6 as absolute references.
Enter a formula in cell C9 using the PMT function to calculate the monthly payment on...
Enter a formula in cell C9 using the PMT
function to calculate the monthly payment on a loan using the
assumptions listed in the Status Quo scenario. In the
PMT formula, use C6 as the
monthly interest rate (rate), C8 as the total
number of payments (nper), and C4 as the loan
amount (pv). Enter this formula in cell C9, and then copy the
formula to the range D9:F9.
C9 A B D E F G 1 2 SpringLeaf Designs...
Excel is allowed! For this lab, we will create a spreadsheet that allows somebody to type...
Excel is allowed!
For this lab, we will create a spreadsheet that allows somebody to type in a loan amount, interest rate, and length of the loan in years. The spreadsheet will then calculate the monthly payment required and the actual amount paid on the loan. First, setup your spreadsheet: • In Cell A1, put the label Loan Amount:. The corresponding value would be input in Cell B1. • In Cell A2, put the label Interest Rate:. The corresponding value...
Use the PMT function in Excel to compute the monthly payment on a $328000 business loan...
Use the PMT function in Excel to compute the monthly payment on a $328000 business loan at an annual interest rate of 7.15% over 20 years, where the interest is compounded monthly. Hint: The PMT (Payment) function is entered in Excel as =PMT(Rate, Nper, Pv, Fv, Type) Fv and Type are not necessary. Ignore them. Enter the amount of your monthly payment below. Do not include the dollar sign ($)
This worksheet will compute the monthly value of an amortized loan for 36 months. This will...
This worksheet will compute the monthly value of an amortized loan for 36 months. This will be a worksheet in which the loan value or principal, interest rate, and monthly payment can be changed and the worksheet will automatically update. Within the worksheet there will be some absolute cell referencing that is needed and some relative cell referencing that is needed. You will need to determine which is appropriate. Title the worksheet "Amortization of Car Loan" in cell A1. Leave...
Ensure that the Facilities worksheet is active. Use Goal Seek to reduce the monthly payment in...
Ensure that the Facilities worksheet is
active. Use Goal Seek to reduce the monthly payment in
cell B6 to the optimal value of
$6000. Complete this task by changing the Loan
amount in cell E6.
Create the following three scenarios using Scenario Manager.
The scenarios should change the cells B7, B8, and
E6.
Good
B7 = .0325
B8 =
5
E6 =
275000
Most Likely
B7 =
.0575
B8 =
5
E6 = 312227.32
Bad
B7 = .0700 B8 =...
1. In Cell D8 create formula PMT=PV/((1-1/(1+k)^n)/k), to calculate the periodic payment on a loan. 2....
1. In Cell D8 create formula PMT=PV/((1-1/(1+k)^n)/k), to
calculate the periodic payment on a loan.
2. In cell F8 use built-in function =PMT(k,n,PV). You should get
identical answers.
3. Create amortization table (use absolute and relative
addressing where appropriate).
4. Print worksheet.
5. Change loan amount and the rate (everything should adjust
automatically) and print it again.
6. Print the cell formulas (force to one page).
7. Write report and explain all formulas and procedures.
8. Submit four printouts.
PMT=$1589.99...
Mortgage Information Annual Interest Rate 4.90% Repayment Years 30 Price of House $275,000 Down Payment $55,000...
Mortgage Information Annual Interest Rate 4.90% Repayment Years 30 Price of House $275,000 Down Payment $55,000 Principal of Loan Monthly Payments On the Mortgage worksheet, use the PMT function in cell B7 to calculate the monthly payments of the mortgage. Use cell locations from this worksheet to define each argument of the function. Assumethat payments are made at the end of each month.On the Mortgage worksheet, use the data provided to enter a formula in cell B6 to calculate the...
Ensure that the Facilities worksheet is active. Use Goal Seek to reduce the monthly payment in...
Ensure that the Facilities worksheet is active. Use Goal Seek to
reduce the monthly payment in cell B6 to the optimal value of
$6000. Complete this task by changing the Loan
amount in cell E6.
Insert Draw Page Layout FormulasData Rev ew View Help Tell me what you want o 2b Wrap Text 11A A Format as Coll 00 0 Formatting- Table Styles nsert Delete Format Sert Find & Filter Select Paste - Merge&r% Colls Cliphoand 41 Facility Amortization Table...
Requiremeht1 Complete the data table DATA Loan Amount Interest Rate Periods 35,000 6% Requirement 2 Using...
Requiremeht1 Complete the data table DATA Loan Amount Interest Rate Periods 35,000 6% Requirement 2 Using the present value of an ordinary annuity table, calculate the payment amount and complete the amortization schedule Use the effective interest amortization method. a. Calculate the loan payment by dividing the loan amount by the appropriate present value factor b. Round values to two decimal places. Calculate the interest expense in the third year as the loan payment minus the loan balance at the...
Enter a formula in cell C9 using the PMT
function to calculate the monthly payment on a loan using the
assumptions listed in the Status Quo scenario. In the
PMT formula, use C6 as the
monthly interest rate (rate), C8 as the total
number of payments (nper), and C4 as the loan
amount (pv). Enter this formula in cell C9, and then copy the
formula to the range D9:F9.
C9 A B D E F G 1 2 SpringLeaf Designs...
Excel is allowed!
For this lab, we will create a spreadsheet that allows somebody to type in a loan amount, interest rate, and length of the loan in years. The spreadsheet will then calculate the monthly payment required and the actual amount paid on the loan. First, setup your spreadsheet: • In Cell A1, put the label Loan Amount:. The corresponding value would be input in Cell B1. • In Cell A2, put the label Interest Rate:. The corresponding value...
Ensure that the Facilities worksheet is
active. Use Goal Seek to reduce the monthly payment in
cell B6 to the optimal value of
$6000. Complete this task by changing the Loan
amount in cell E6.
Create the following three scenarios using Scenario Manager.
The scenarios should change the cells B7, B8, and
E6.
Good
B7 = .0325
B8 =
5
E6 =
275000
Most Likely
B7 =
.0575
B8 =
5
E6 = 312227.32
Bad
B7 = .0700 B8 =...
1. In Cell D8 create formula PMT=PV/((1-1/(1+k)^n)/k), to
calculate the periodic payment on a loan.
2. In cell F8 use built-in function =PMT(k,n,PV). You should get
identical answers.
3. Create amortization table (use absolute and relative
addressing where appropriate).
4. Print worksheet.
5. Change loan amount and the rate (everything should adjust
automatically) and print it again.
6. Print the cell formulas (force to one page).
7. Write report and explain all formulas and procedures.
8. Submit four printouts.
PMT=$1589.99...
Ensure that the Facilities worksheet is active. Use Goal Seek to
reduce the monthly payment in cell B6 to the optimal value of
$6000. Complete this task by changing the Loan
amount in cell E6.
Insert Draw Page Layout FormulasData Rev ew View Help Tell me what you want o 2b Wrap Text 11A A Format as Coll 00 0 Formatting- Table Styles nsert Delete Format Sert Find & Filter Select Paste - Merge&r% Colls Cliphoand 41 Facility Amortization Table...
Requiremeht1 Complete the data table DATA Loan Amount Interest Rate Periods 35,000 6% Requirement 2 Using the present value of an ordinary annuity table, calculate the payment amount and complete the amortization schedule Use the effective interest amortization method. a. Calculate the loan payment by dividing the loan amount by the appropriate present value factor b. Round values to two decimal places. Calculate the interest expense in the third year as the loan payment minus the loan balance at the...
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