Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are going to buy a new car and would like to find out the options for cars, loans and calculate the monthly payment schedule.

You are going to buy a new car and would like to find out the options for cars, loans and calculate the monthly payment schedule. Create a workbook with 3 worksheets:

1. Car information: This sheet includes columns like Manufacturer name, Model name, Manufacturer price, Gas mileage, Color and Picture. Go online to find out the information you need. List 4 cars of your interest. The cars should be first sort by manufacturer name, and then by model name. The car pictures should be inserted as images in the picture column.

2. Dealer information: This sheet includes columns like Dealer name, Contact Person, Contact phone, Address, City, State, Zip code. You should have at least 3 records in this table. The dealer information should be sorted by dealer name.

3. Car finance: This sheet includes columns like Manufacture name, Model Name, Dealer price, Year of Finance, Interest rate, Down payment, Monthly payment. Use the financial function PMT to calculate the monthly payment. Make sure the interest rate, number of payment and periodical payment match together.

Requirements:

1. Use conditional formatting to mark out the top 3 high mileage cars using red color in the car information table.

2. For your a car of your choice, prepare a scenario analysis for the car finance using high, current and low interest rate and put it on a separate sheet. You can also have other changing factors in the scenario analysis.

3. All data should be formatted properly (data type, decimal place etc.). Add sheet labels, and format the sheets in a professional layout.

4. Add your name to the center of the footer of all the worksheets. Put a date (function) in the top right header section of all your worksheets.

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

Step: 3

blur-text-image

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

Airline Finance

Authors: Peter S. Morrell

3rd Edition

0815387520, 9780815387527

More Books

Students also viewed these Finance questions

Question

Find the exact value of expression. -1 sec 2 tan 4.

Answered: 1 week ago