Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Open the Investments worksheet. In cell B 5 , enter a function that will calculate the present value of an investment using the data in

Open the Investments worksheet. In cell B5, enter a function that will calculate the present value of an investment using the data in the range B2:B4. Assume this investment will be made at the beginning of the first year.
Consider the present value calculation in cell B5. Assume that there is only $275,000 that can be invested today, but you still need to achieve a future value of $1,550,000. Use Goal Seek to set the present value calculation to $275,000 by changing the Annual Rate of Return.
In cell B11, enter a function that will calculate the present value of an investment that will provide funding for the cost in cell B10. Use the data in the range B8:B10 to set up the function. Assume that payments are made at the beginning of each year.
Enter a function in cell B17 that will calculate the future value of a one-time investment. Use the data in the range B14:B16 to create the function. Assume the investment is made at the beginning of the first year.
Enter a function in cell B24 that will calculate the future value of a recurring investment. Use the date in the range B20:B23 to create the function. Assume that investments are made at the end of each month.
Open the Loan worksheet. Use the necessary data in the range B2:B5 to create a formula in cell B6 that calculates the Loan Principal.
Enter the date 11/09/2020 into cell B7.
Enter a formula into cell B8 that displays a date 60 days from the date entered into cell B7.
Enter a function into cell B9 that shows the date that occurs on the last day of the month, one month after the date in cell B8.
Enter a function into cell B10 that shows just the year of the date that is in cell B9.
Enter a function into cell B11 that calculates the monthly payments for the loan. Use the data in the range B2:B6 to create the function. Assume that payments are made at the end of each month.
Open the Lease worksheet. Enter a formula into cell B6 that calculates the monthly lease payments. Use the data in the range B2:B5 to create the function. Assume that payments are made at the end of each month.
Apply protection to the Lease worksheet such that users can edit the range B2:B5. Name this range Lease Data.
Open the Summary worksheet. Use a cell reference in cell B2 to display the value in cell B4 on the Lease worksheet.
Use a cell reference in cell B3 to display the value in cell B6 on the Loan worksheet.
Enter a formula in cell B4 that adds the values in cells B5 and B11 on the Investments worksheet.
Enter a formula in cell B5 that adds the values in cells B17 and B24 on the Investments worksheet.
Save and close your workbook.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Beyond Big Data Using Social MDM To Drive Deep Customer Insight

Authors: Martin Oberhofer, Eberhard Hechler

1st Edition

0133509796, 9780133509793

More Books

Students also viewed these Databases questions

Question

Jim Riley is (incompetent) for that kind of promotion.

Answered: 1 week ago