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Loan ID Balance FICO 1 $6,700 796 2 $14,700 627 3 $3,600 648 4 $14,000 617 5 $2,700 843 6 $13,500 563 7 $8,000 644

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Loan ID Balance FICO
1 $6,700 796
2 $14,700 627
3 $3,600 648
4 $14,000 617
5 $2,700 843
6 $13,500 563
7 $8,000 644
8 $10,400 836
9 $3,100 784
10 $9,800 692
11 $7,500 741
12 $6,700 599
13 $12,700 675
14 $13,300 628
15 $13,400 644
16 $9,600 789
17 $8,900 707
18 $5,300 762
19 $14,600 590
20 $6,400 688
21 $7,300 732
22 $8,300 648
23 $5,100 669
24 $11,900 751
25 $6,200 626
26 $2,800 645
27 $10,100 760
28 $14,700 777
29 $5,900 739
30 $12,300 695
31 $3,300 674
32 $12,800 573
33 $11,900 617
34 $2,800 613
35 $8,500 575
36 $14,000 645
37 $3,800 610
38 $6,200 594
39 $14,200 790
40 $12,000 733
41 $3,000 619
42 $11,800 657
43 $10,000 612
44 $4,000 586
45 $12,900 634
46 $2,200 628
47 $4,500 713
48 $7,600 764
49 $10,900 767
50 $11,300 814
51 $9,300 676
52 $12,800 595
53 $10,000 717
54 $3,400 625
55 $7,400 840
56 $9,300 657
57 $4,900 774
58 $13,200 613
59 $7,600 684
60 $12,700 801
61 $2,900 749
62 $13,600 754
63 $2,600 561
64 $5,000 552
65 $4,500 787
66 $13,500 578
67 $2,500 640
68 $10,600 557
69 $10,400 771
70 $13,600 696
71 $13,500 557
72 $6,400 774
73 $10,300 749
74 $7,900 818
75 $13,500 808
76 $7,200 607
77 $15,000 830
78 $11,500 798
79 $13,700 659
80 $13,600 844
81 $12,200 640
82 $11,700 594
83 $6,800 818
84 $3,700 601
85 $12,700 844
86 $9,400 819
87 $5,600 799
88 $14,200 649
89 $14,300 575
90 $7,900 686
91 $4,400 745
92 $15,000 588
93 $13,700 808
94 $8,100 626
95 $13,100 674
96 $5,200 704
97 $8,800 742
98 $9,000 791
99 $5,500 585
100 $4,700 838

FIRST 100 DATE FROM EXCEL, apply the equations just for the first 100

Task: Using the "Sample Loan Data" dataset, write formulas to find the average interest rate for the 1000 loans in the portfolio. The loan rates are determined based on the FICO scores based on the following table: FICO Range 801 - 850 751 - 800 701 - 750 651 - 700 550 - 650 Interest Rate 3.20% 3.50% 4.00% 5.00% 7.50% Use approximate matching techniques to join the interest rates to the loan data. Deliverable: On a blank piece of paper, write your name, the date and the following values: 1. The (simple) average interest rate for the 1000 loans 2. The weighted average interest rate (based on loan balance) for the 1000 loans Complete this assignment using the Sample Loan Data in excel and submit your excel file. Use the VLOOKUP function to match Fico Scores and Interest rates. Use AVERAGE, SUM and SUMPRODUCT functions to calculate average and weighted averages

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