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Need help solving questions 10-15 using Microsoft Excel please. 10. Compute the monthly cost of gas. a. In cell C21, enter a formula to calculate
Need help solving questions 10-15 using Microsoft Excel please.
10. Compute the monthly cost of gas. a. In cell C21, enter a formula to calculate the number of miles you expect to drive each month. Divide the value of number of miles (cell A5 from the Data sheet) by the average MPG for the vehicle multiplied by the price of a gallon of gas (cell A6 from the Data sheet). b. Copy the formula to the appropriate cells for the other vehicles. c. If cells D21:F21 display an error or a value of O, display formulas and check for errors. d. If you still can't find the error, try displaying the precedent arrows. e. (Hint: The references to the cells on the Data sheet should use absolute references. If they do not, the formula will update incorrectly when you copy it across the row. 11. Compute the monthly cost of maintenance. a. In cell C22, enter a formula to calculate the monthly maintenance cost: Divide cell C12 by 12. b. Copy the formula to the appropriate cells for the other vehicles. 12. Compute the monthly cost of insurance. a. In cell C23, enter a formula to calculate the monthly insurance cost: Divide cell C14 by 12. b. Copy the formula to the appropriate cells for the other vehicles. 13. In cells C24:F24, compute the total the monthly cost for each vehicle. 14. Determine which vehicles are affordable. a. (In cell C26, enter a formula using the IF function to display "yes" if the total monthly cost (cell C24) is less than or equal to the total monthly amount available for vehicle expenses (Data sheet, cell A4). Display "no" if the total monthly cost is not less than or equal to the total monthly amount available. b. Copy the formula to the appropriate cells for the other vehicles. c. Display formulas and use the error checking skills learned in this lesson to track down and fix any errors. 15. Complete the Analysis section using formulas with statistical functions. Use named ranges instead of cell references in the formulas. a. Price b. MPG City C.MPG Highway d. Average MPG e. Maintenance/Year f. Registration Fee g. Insurance/Year h. Amount to Borrow i. APR j. Years k. Loan Payment I. Gas m. Maintenance/Month n. Insurance/Month 0. Total Monthly Hint: Select cells B7:F24 and use Excel's Create from Selection command to create named ranges for each row using the labels at the left side of the range as the names. Hint: Open the Name Manager and review the names Excel created. Notice that any spaces or special characters in the label names are converted to _ characters in the names. Hint: To avoid typos as you create each formula, try using Formula AutoComplete to select th A B Vehicle Purchase Analysis Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Description 2019 Ford Mustang Convertible Passenger 2019 Ford F150 Truck 2017 Toyota Prius Passenger 2017 Ducati Super Sport Motorcycle Vehicle Type Average Highest Lowest dealer $31,895 dealer $28,115 private seller $12,995 36 36 21 private seller $24,463 58 53 26 19 Price MPG City MPG Highway Average MPG 25 31 26 26 26 $600 100 $1,200 $500 100 $800 $300 100 $900 $500 60 $1,500 Maintenance/Year Registration Fee Insurance/Year Seller Price MPG City MPG Highway Average MPG Yearly Costs Maintenance/Year Registration Fee Insurance/Year Need Loan? no Amount to Borrow APR Years Monthly Costs Loan Payment Gas Maintenance/Month Insurance/Month Total Monthly #VALUE! yes #VALUE! $22,895 3.20% yes $24,463 1.90% $12,995 5.90% 2.90% 3 Amount to Borrow APR Years $4.27 -$4.92 $7.51 $0.41 Loan Payment Gas Maintenance/Month Insurance/Month Total Monthly Affordable? 10. Compute the monthly cost of gas. a. In cell C21, enter a formula to calculate the number of miles you expect to drive each month. Divide the value of number of miles (cell A5 from the Data sheet) by the average MPG for the vehicle multiplied by the price of a gallon of gas (cell A6 from the Data sheet). b. Copy the formula to the appropriate cells for the other vehicles. c. If cells D21:F21 display an error or a value of O, display formulas and check for errors. d. If you still can't find the error, try displaying the precedent arrows. e. (Hint: The references to the cells on the Data sheet should use absolute references. If they do not, the formula will update incorrectly when you copy it across the row. 11. Compute the monthly cost of maintenance. a. In cell C22, enter a formula to calculate the monthly maintenance cost: Divide cell C12 by 12. b. Copy the formula to the appropriate cells for the other vehicles. 12. Compute the monthly cost of insurance. a. In cell C23, enter a formula to calculate the monthly insurance cost: Divide cell C14 by 12. b. Copy the formula to the appropriate cells for the other vehicles. 13. In cells C24:F24, compute the total the monthly cost for each vehicle. 14. Determine which vehicles are affordable. a. (In cell C26, enter a formula using the IF function to display "yes" if the total monthly cost (cell C24) is less than or equal to the total monthly amount available for vehicle expenses (Data sheet, cell A4). Display "no" if the total monthly cost is not less than or equal to the total monthly amount available. b. Copy the formula to the appropriate cells for the other vehicles. c. Display formulas and use the error checking skills learned in this lesson to track down and fix any errors. 15. Complete the Analysis section using formulas with statistical functions. Use named ranges instead of cell references in the formulas. a. Price b. MPG City C.MPG Highway d. Average MPG e. Maintenance/Year f. Registration Fee g. Insurance/Year h. Amount to Borrow i. APR j. Years k. Loan Payment I. Gas m. Maintenance/Month n. Insurance/Month 0. Total Monthly Hint: Select cells B7:F24 and use Excel's Create from Selection command to create named ranges for each row using the labels at the left side of the range as the names. Hint: Open the Name Manager and review the names Excel created. Notice that any spaces or special characters in the label names are converted to _ characters in the names. Hint: To avoid typos as you create each formula, try using Formula AutoComplete to select th A B Vehicle Purchase Analysis Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Description 2019 Ford Mustang Convertible Passenger 2019 Ford F150 Truck 2017 Toyota Prius Passenger 2017 Ducati Super Sport Motorcycle Vehicle Type Average Highest Lowest dealer $31,895 dealer $28,115 private seller $12,995 36 36 21 private seller $24,463 58 53 26 19 Price MPG City MPG Highway Average MPG 25 31 26 26 26 $600 100 $1,200 $500 100 $800 $300 100 $900 $500 60 $1,500 Maintenance/Year Registration Fee Insurance/Year Seller Price MPG City MPG Highway Average MPG Yearly Costs Maintenance/Year Registration Fee Insurance/Year Need Loan? no Amount to Borrow APR Years Monthly Costs Loan Payment Gas Maintenance/Month Insurance/Month Total Monthly #VALUE! yes #VALUE! $22,895 3.20% yes $24,463 1.90% $12,995 5.90% 2.90% 3 Amount to Borrow APR Years $4.27 -$4.92 $7.51 $0.41 Loan Payment Gas Maintenance/Month Insurance/Month Total Monthly Affordable
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