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I have posted this question 6 times and everytime I post this question all the equations given dont work in Excel please HELP! Ruiz Company
I have posted this question 6 times and everytime I post this question all the equations given dont work in Excel 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 Excel's Present Value functions. Use the information included in the Excel Simulation and the Excel Manctions 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 -2 was entered the formula would output the result from cell B2, or $500,000 in this example Besk 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 63-85 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 PV Function: Allows you to perform the mathematical present value calculation of a value. The syntax of the P functions Piratenperativtype and results in the total amount that a series of ture payment 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 pyn 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 argument is not included. The argument is the future value of the cash basis to attain after the last payment is made and this argument must be included if the argument is omitted The type argument is a logical value of Oor 1 which indicates when the payments are due where is the peryment at the beginning of the period and the payment at the end of the period. Both the land 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 Fonthe purposes of this ExcelSimulation, please include the fontandvarguments but out the type argument from the function. Also, the land Marguments should be reted as negative values IF function Allows you to test a condition and retum a specific value is the result is true and d erent value is the result is tale The syntax of the function is finest conditionele muevalue_itals 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 celis greater than less than or equal to another number or cell. The value_i_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 rest.condition value_true, or value s e arguments then the textseitshould 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, if in a blank cel --F1B2250000'Cash is great" "Cash is bad") was entered, the formule would output the result of the value true since the rese condition would be result as true or in this case the text "Cash is great Excel processes the IF function by separating out into separate parts. First the rese condition - Excel thinks find cel B2 and determine if the value is greater than 250000 Onge Excel determines the result of that rest condition is TRUE OR FALSE. It will return the true or value false 5. Prey 2 2 III Nost You received partial credit in the prev - - A. Alignment Calls Editing Conditional Formats Cell Formatting Table - Styles Styles 1 On January 1, Ruiz Company issued bonds as follows: 2 Face Value S 3 Number of Year: 4 Stated Interest Rate: 5 Interest payments per year 6 (Note: the bonds pay interest annually) 500.000 20 75 1 8 Required: 9 1) Given the different market interest rates below. calculate the following items. 10 Calculate the bond selling price USING THE EXCEL PV FUNCTION (6x), Note: Enter all function arguments as cell references 13 al Market Interest Rate Annual interest Payment Bond Selling Price S 35,000 5397,263.46 17 ) Marka interest Rate: Annual interest Payment: Bond Selling Price 5.5% 35,000 2. Use the Excel IF function to answer either "Premium" or "Discount to the following items. 29 The bond in a soldat The bond in (b) told at a Sheet1 if 152 discount premium 2.22colon
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