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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
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 averagesStep by Step Solution
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