ALL ANSWERS MUST BE IN EXCEL FORMULAS. please help!!!
Ruiz 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 , 403" was entered the formula would output the result from cell C3, 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, it in a blank celt on the Sheett tab Future Value of STIC13" was entered the formula would output the result from cell C13 in the Future Value of St 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). Gasterisk 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 in this example, if using the other math symbols the result would output an appropriate answer for its function 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 Frest.condition viuerevalue_lase and specific considerations need to be made when using this function. The rest condition argument is an evaluation of the status of a cell such as if the value of a cell is greater than less than or equal to another number or cell. The value_love 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 values 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 Simulation below. Win a blank cell FC3250000,"Cash is great Cash is bad") was entered the formula would output the result of the water tre 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 find cell and defermine the value is greater than 250000. Once Excel determines the result of that test_conditions TRUE FALSE I will turn the value crue or value false UUTUU www MOL Gridlines Headings Selection Preview Layout Views Workbook Views Show Zoom Macros C17 fx B D 4 30 7% 5 Number of years: Stated Interest Rate: Interest payments per year (Note: the bonds pay interest annually.) 6 1 7 8 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 bottom of this worksheet). 13 Note: Rounding is not required. 24 a) Market Interest Rate: 9% 15 16 35,000.00 Annual Interest Payment: PV of Face Value: PV of interest Payments: = Bond Selling Price: 28 19 20 21 ) Market interest Rate: 5.5% 22 28 Annual Interest Payment: TUR Show Workbook Views Zoom Macros Macros C17 fx D E F 8 18 + PV of Interest Payments: Bond Selling Price: 19 20 21 b) 22 Market Interest Rate: 5.5% 23 24 Annual Interest Payment: PV of Face Value: +PV of Interest Payments: = Bond Selling Price: 25 26 27 28 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. The bond in (a) sold at a: 29 30 31 32 33 The bond in (b) sold at : 34 35 36
