AL ANSWERS MUST BE IN EXCEL FORMULA!! Very confused on how to start my formulas.
Rulz Company issued bonds on January 1 and has provided the relevant information. The Controller has asked you to calculate the bond selling price given two different market interest rates using the Present Value Tables. Use the information included in the Excel Simulation and the Excel functions described below to complete the task Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell."-C3" was entered the formula would output the result from cell 3. or $500,000 in this example Multi-Tob Cell Reference: Allows you to refer to data from another cell in a separate tab in the worksheet When using the multi-tab cell reference, type the equal sign first, then click on the other tab and then click on the cell you want to reference. The syntax of a multi-tab cell reference looks different than a normal cell reference, since it includes the tab name surrounded by apostrophes and also an exclamation point before the cell location. From the Excel Simulation below, if in a blank cell on the Sheettab -Future Value of $11C13" was entered the formula would output the result from cell C13 in the Future Value of $1 tab, or 110462 in this example Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys + (plus sign to add).- (minus sign to subtract) * (asterisk sign to multiply), and/(forward stash to divide) From the Excel Simulation below, if in a blank cell"-C4+C6' was entered the formula would add the values from those cells and output the result or 31 in this example using the other math symbols the result would output an appropriate answer for its function IF function: Allows you to test a condition and return a specific value is the result is true and different value of the result is false The syntax of the IF function is Ffest.condition value_it true value. Il false and specific considerations need to be made when using this function. The test_condition argument is an evaluation of the status of a cell, such as if the value of a cellis greater than less than or equal to another number or cell The vallette and value false arguments will return any specific result for each option, such as another cell reference, a value or text Throughout the entire equation of text is being used in the fest_condition value_true or wealse arguments then the text itself should be entered in quotations so that Excel will recognize the text as a string of text instead of another function From the Excel Sumutation below if in a blank ceil HFC3 250000 Cash is greatCash is bad") was entered the formula would output the result of the value_true since the test condition would be result as true or in this case the textCash is great Excel processes the function by separating it out Into separate parts. First the test condition - Excel thinks iidcell and determine mees geley 250000. Once Excel determines if the result of that test condition is TRUE FALSE I will return the worlove A B D 3 1 5 6 1. On January 1, Ruiz Company issued bonds as follows: 2 Face Value: $ 500.000 Number of Years: 30 Stated Interest Rate: 796 Interest payments per year 7 (Note: the bonds pay interest annually.). 3 9 Required: 10 1) Calculate the bond selling price given the two market interest rates below. 11. Use formulas that reference data from this worksheet and from the appropriate future or 12 present value tables found by clicking the tabs at the hottom of this worksheet A B 10 1) Calculate the bond selling price given the two market interest rates below. 11 Use formulas that reference data from this worksheet and from the appropriate future or 12 present value tables (found by clicking the tabs at the bottom of this worksheet). 15 Note: Rounding is not required. 24 a) Market Interest Rate: 9% 15 16 17 Annual interest Payment: PV of Face Value: +PV of Interest Payments: Bond Selling Price: 18 19 Market Interest Rate: 20 216) 22 20 5.556 24 25 Annual Interest Payment PV of Face Value + PV of Interest Payments Bond Selling Price 27 25 2. Use the Excel if function to answer either "Premium" or "Discount" to the following items 29 30 The bond in (a) sold at a 33 3 The bond in (b) soldata ty of su Present Value of Annuity of Si Sheet Excel Simulation and the Excel functions described below to complete the task Cell Reference: Allows you to refer to data from another cell in the worksheet From the Excel Simulation below. If in a blank cell. --B2" was entered the formula would output the result from cell B2, or $500,000 in this example Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys + (plus sign to add). - (minus sign to subtract).. (asterisk sign to multiply), and/ (forward slash to divide). From the Excel Simulation below. If in a blank cell =83-85 was entered the formula would add the values from those cells and output the result, or 31 in this example. If using the other math symbols the result would output an appropriate answer for its function PV Function: Allows you to perform the mathematical present value calculation of a value. The syntax of the PV function is --PVirate.nperpme [type] and results in the total amount that a series of future payments is worth now also known as the present value the rate argument is the interest rate per period. The per argument is the total number of payment periods. The pit argument is the payment made each period that does not change over the life of the investment and this argument must be included if the [Vargument is not included. The [fvargument is the future value, or the cash basis to attain after the fast payment is made and this argument must be included if the pt argument is omitted. The (type argument is a logical value of 0 or 1 which indicates when the payments are due where is the payment at the beginning of the period and o. is the payment at the end of the period Both the (v) and (type) values are optional arguments to have the formula work, which is why they are surrounded by brackets in the syntax, however, these values would not be entered with brackets in the actual function For the purposes of this Excel Simulation please include the (nmand /Varguments, but leave out the pelargument from the function. Also the lot and larguments should be entered as negative values IF function: Allows you to testa condition and return a specific value is the result is true and different value if the result is false The syntax of the If function is iFitest condition value_true value_il_false) and specific considerations need to be made when using this function. The test condition argument is an evaluation of the status of a cell such as if the value of a ceilis greater than less than or equal to another number or cell. The value true and value false arguments will return any Specific result for each option such as another cell reference a value, or text. Throughout the entire equation if text is being used in the test_condition value_true or value foise arguments then the text itself should be entered in quotations so that Excel we recognize the text as a string of text instead of another function from the Excel Simulation below. If in a blank cell Feb 250000, Cash is great Gosh is bad") was entered the formula would output the result of the value me since the test rond het then in the case the text Cathi neat Excel the function by contrattorit Paste Cells BIU. Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font Al fx on January 1, Ruiz Company issued bonds as follows: D 1 9 1 on January 1, Ruiz Company issued bonds as follows: 2 Face Value: $ 500,000 3 Number of Years: 30 4 Stated interest Rate: 7% 5 Interest payments per year 6 (Note: the bonds pay interest annually.) 7 8 Required: 1) Given the different market interest rates below, calculate the following items. 10 Calculate the bond selling price USING THE EXCEL PV FUNCTION (TX), Note: Enter all 11 function arguments as cell references 12 13 a) Market Interest Rate: 99 Annual Interest Payment: 35,000 Bond Selling Price: 16 17 b) Market interest Rate: 5.556 18 Annual Interest Payment: Bond Selling Price: 20 15 10 PO BU ARTICUL ISITICI LUIT Formatting Table Styles Styles Cipboard Font A1 fx On January 1, Ruiz Company issued bonds as follows: 7 9 8 Required: 1) Given the different market interest rates below, calculate the following items. 10 Calculate the bond selling price USING THE EXCEL PV FUNCTION (fx). Note: Enter all 11 function arguments as cell references. 12 13 a) Market interest Rate: 9% 14 Annual Interest Payment: $ 35,000 15 Bond Selling Price: 16 17 b) Market Interest Rate: 5.5% 18 Annual Interest Payment: 19 Bond Selling Price: 20 21 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. 22 23 The bond in (a) sold at a: 24 The bond in (b) soldata: 25
