Answered step by step
Verified Expert Solution
Question
1 Approved Answer
6 10 7 5 8 15 9 10 Insert a vertical lookup function in cell H5 to display the amount of down payment for the
6 10 7 5 8 15 9 10 Insert a vertical lookup function in cell H5 to display the amount of down payment for the first client based on the membership type. Insert a formula in cell 15 to calculate the balance due on the membership. Copy the formulas in columns H and I for the rest of the clients Insert the PMT function in cell J5 to calculate the first client's monthly payment, using appropriate relative and absolute cell references. Copy the formula down the column Calculate totals for Annual Total, Total Due, Down Payment, Balance, and Monthly Payment on row 14. Insert the appropriate functions in the Summary Statistics section of the worksheet cells H18:H22. Format the payments with Accounting number format Format the other column headings on rows 4 and 17 to match the fill color in the range E17.H17. Wrap text for the column headings. Set 0.3" left and right margins and ensure that the page prints on only one page. Insert a footer with your name on the left side, the date code in the center, and the file name on the right side 10 10 11 10 12 5 13 5 A B D E G Health & Fitness Gym 1 2 Date Prepared 6/1/2020 3 Client Membership Cost Locker Annual Total Years Total Due own Paymen Balance Monthly Payment 5 Andrews Deluxe 575 Yes 650 650 6 Baker Individual 300 Yes 375 750 7 Carter Family 1500 No 1500 4500 8 Dudley Deluxe 575 No 575 1150 9 Evans Deluxe 575 Yes 650 1950 10 Foust Individual 300 No 300 300 11 Gardner Individual 300 No 300 600 12 Hart Individual 300 No 300 900 13 Ivans Individual 300 Yes 375 1125 14 Totals 15 16 17 Membership Cost wn Payment Summary Statistics 18 Deluxe $ 575 $ 250 Number of New Members 19 Family $ 1,500 $ 700 Lowest Monthly Payment 20 Individual $ 300 $ 150 Average Monthly Payment 21 Maxium Monthly Payment 22 Locker Fee 75 Median Monthly Payment 23 Interest Rate 5.75% 24 Months Per Yeai 12 25 26 New Clients s + Read
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started