Answered step by step
Verified Expert Solution
Question
1 Approved Answer
pls help with how to use the excel and formula! Thanks Problem #4: Create a table on a spreadsheet with columns labelled Count, Date, Interest
pls help with how to use the excel and formula! Thanks
Problem #4: Create a table on a spreadsheet with columns labelled "Count", "Date", "Interest this period", and "Total". As depicted below B D 1 2 Timestep in years Rate center timestep> center your rate> 3 4 5 6 7 Date Count 0 1 30-Sep-16 Interest this period Total $ center your total 8 9 in You will begin with the count at 0, and the date of Sept 30, 2016. For that first row, the "Interest this period" is zero, and the total is $20,000 CAD. Above the columns, put the label "rate", and in the cell below that, enter your periodically compounding rate of 14%. Put the label "Timestep in years" and in the cell below that, enter =1/4. For each subsequent row of the table, use formulas to set the count equal to one more than the previous count, and set the date equal to the previous date plus 365"(the value in the timestep cell]. The "Interest this period" is the "Total from the previous "Date", times the "rate" cell, times the "timestep" cell. The "Total for each row is the "Total" from the previous row plus the "Interest this period". Make sure that you use dollar signs for absolute addresses where appropriate in order to be able to copy these formulas to later rows. Copy that new row, and paste it into the rows below it so that the count goes to at least 100. You can validate your spreadsheet by checking that the total comes out right if the interest rate and initial total from a previous question is used with a timestep of 1. Don't forget to restore the timestep and rate to the values for this problem when done. (a) What is the date that Excel shows for the row whose count is 100? (Copy and paste the content of that cell into the answer box below.) (b) What is the interest earned for the period with count 80? Problem #4) Problem 4[b): Answer correct to 2 decimals Problem #4: Create a table on a spreadsheet with columns labelled "Count", "Date", "Interest this period", and "Total". As depicted below B D 1 2 Timestep in years Rate center timestep> center your rate> 3 4 5 6 7 Date Count 0 1 30-Sep-16 Interest this period Total $ center your total 8 9 in You will begin with the count at 0, and the date of Sept 30, 2016. For that first row, the "Interest this period" is zero, and the total is $20,000 CAD. Above the columns, put the label "rate", and in the cell below that, enter your periodically compounding rate of 14%. Put the label "Timestep in years" and in the cell below that, enter =1/4. For each subsequent row of the table, use formulas to set the count equal to one more than the previous count, and set the date equal to the previous date plus 365"(the value in the timestep cell]. The "Interest this period" is the "Total from the previous "Date", times the "rate" cell, times the "timestep" cell. The "Total for each row is the "Total" from the previous row plus the "Interest this period". Make sure that you use dollar signs for absolute addresses where appropriate in order to be able to copy these formulas to later rows. Copy that new row, and paste it into the rows below it so that the count goes to at least 100. You can validate your spreadsheet by checking that the total comes out right if the interest rate and initial total from a previous question is used with a timestep of 1. Don't forget to restore the timestep and rate to the values for this problem when done. (a) What is the date that Excel shows for the row whose count is 100? (Copy and paste the content of that cell into the answer box below.) (b) What is the interest earned for the period with count 80? Problem #4) Problem 4[b): Answer correct to 2 decimals Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started