Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Full-screen Snip YouTube is a valuable tool to help you learn how to use Excel to conduct financial math calculations. There are also numerous websites

image text in transcribed

Full-screen Snip YouTube is a valuable tool to help you learn how to use Excel to conduct financial math calculations. There are also numerous websites that will discuss the same topics! Try using search terms related to the topics covered in class, for example: interest rates compounding periods future value present value Find and bookmark a few sites or videos that discuss the use of Excel with these calculations. Step 2: Prepare your Excel Spreadsheet Open a new Microsoft Excel Workbook. Rename the fil. Make sure you have two sheets. Label (rename) them as follows: o Sheet) Excel Formulas Sheet2: Sample Problem Step 3: Excel Formulas (Sheetl). In the Sheet you renamed "Excel Formulas", in cells Al and A2, paste the links from the websites or videos that helped you understand how to use Excel for financial math calculatior Starting below your list of sites or videos, and working in a column, list the following variables: o FV PV oIY o N Beside each variable, describe the meaning of that variable (in your own words). Beside i and N, describe how you could use Excel to help you calculate these variables. Hint: there isn't a formula, and you might simply use multiplication or division (which can ALSO be done in Excel)! Beside FV and PV, describe how you would use Excel to calculate these variables. List any formulas you might use. If there are multiple ways in which you could calculate FV or PV, include them. Format your Workbook in a professional and visually appealing way. Use a sans serif font (no larger than size 13) that will be consistent throughout your Workbook. Be creative, but especially professional! Step 4: Sample Problem Create a Problem Now is your chance to put your new skills into action. In the Sheet you renamed "Sample Problem", in cell A1, create your own financial math problem in which you are solving for the future or present value (your choice)! Adjust the formatting of this Sheet to make it more visually appealing and clear. CY Full-screen Snip YouTube is a valuable tool to help you learn how to use Excel to conduct financial math calculations. There are also numerous websites that will discuss the same topics! Try using search terms related to the topics covered in class, for example: interest rates compounding periods future value present value Find and bookmark a few sites or videos that discuss the use of Excel with these calculations. Step 2: Prepare your Excel Spreadsheet Open a new Microsoft Excel Workbook. Rename the fil. Make sure you have two sheets. Label (rename) them as follows: o Sheet) Excel Formulas Sheet2: Sample Problem Step 3: Excel Formulas (Sheetl). In the Sheet you renamed "Excel Formulas", in cells Al and A2, paste the links from the websites or videos that helped you understand how to use Excel for financial math calculatior Starting below your list of sites or videos, and working in a column, list the following variables: o FV PV oIY o N Beside each variable, describe the meaning of that variable (in your own words). Beside i and N, describe how you could use Excel to help you calculate these variables. Hint: there isn't a formula, and you might simply use multiplication or division (which can ALSO be done in Excel)! Beside FV and PV, describe how you would use Excel to calculate these variables. List any formulas you might use. If there are multiple ways in which you could calculate FV or PV, include them. Format your Workbook in a professional and visually appealing way. Use a sans serif font (no larger than size 13) that will be consistent throughout your Workbook. Be creative, but especially professional! Step 4: Sample Problem Create a Problem Now is your chance to put your new skills into action. In the Sheet you renamed "Sample Problem", in cell A1, create your own financial math problem in which you are solving for the future or present value (your choice)! Adjust the formatting of this Sheet to make it more visually appealing and clear. CY

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investment Management

Authors: Stephen Lofthouse

2nd Edition

047149237X, 9780471492375

More Books

Students also viewed these Finance questions

Question

8. Describe the main retirement benefits.

Answered: 1 week ago