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I need help the formulas I keep entering them and they are not working please help! You received partial credit in the previous attempt Ruiz
I need help the formulas I keep entering them and they are not working please help!
You received partial credit in the previous attempt 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 functions described below to complete the task. . Cell Reference: Allows you to refer to data from another cell in the orksheet. 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 sion 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 -6385" 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 Funstlans Allows you to perform the mathematical present value calculation of a value The syntax of the PV Tunction is Piratenperp i ltype) 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 nper argument is the total number of payment periods. The amt 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 Yargument is the future value, or the cash basis to attain after the last payment is made and this argument must be included if the art argument is omitted. The typelargument is a logical value of 0 or 1, which indicates when the payments are due where l is the payment at the beginning of the period and is the Dayment 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 actusi function For the purposes of this Excel Simulation, please include the command larguments, but eave out the typer argument from the function. Also, the one and argumentould be entered as negative values IF function: Allows you to test condtion and retum a specific value is the result is true and different value if the result is false The syntex of the IF function is "=IF tesl_condition.value_ true.value_ false and specic 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 sellis greater than less than or equal to another number or cel 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, text is being used in the rest condition, value true or value raise arguments then the text itsel' 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 if in a blank cell --(B2250000."Cash is great", "Cash is bod) 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 text "Cash is great Excel processes the IF function by separating it out into separate parts. First the rest.condition - Excel thinks, find cel 82 and deren tune if the value is greater than 250000 Once Excel determines if the result of the test_condition is TRUE or FALSE 1 will return the vale_me or value_ false You received partial credit in the previo X On January 1, Ruiz Company issued bonds as follows: 500,000 1 on January 1, Ruiz Company issued bonds as follows: 2 Face Value: $ 3 Number of Years - 1 4 Stated Interest Rate: S Interest payments per year 6 (Note: the bonds pay interest annually) 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 (tx). Note: Enter all 11 function orguments as cell references 13 a) Market Interest Rate Annual Interest Payment: Bond Selling Price 35.000 S -513-14 17 b) Market Interest Rate: 18 Annual Interest Payment: Bond Selling Price: 35.000 21 2. Use the Excel IF function to answer either "Premium" or "Discount to the following items 23 The bond in (a) sold at : 24 The bond in (b) sold at a + Sheet1 =1ffb2b19. discount"premium) iFb2>-626,"discount","premium READY EU- I Attempt(s)Step by Step Solution
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