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1. Open the start file EX2016-ChallengeYourself-3-3 and resave the file as [your initials]EX-ChallengeYourself-3-3 2. If the workbook opens in Protected View, click the Enable Editing
1. Open the start file EX2016-ChallengeYourself-3-3 and resave the file as [your initials]EX-ChallengeYourself-3-3 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 aray 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 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 rovw. 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
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