## BIS221T Week3: Apply: Exam: Excel Basics Through Charting

BIS221T Week3: Complete the “Apply: Exam: Excel Basics Through Charting” in MyEducator®.

This assignment has a total of 165 points.

Complete the exam placing all answers in the cells indicated.

Do not insert rows or columns unless instructed to do so. The grader relies on the current worksheet structure.

Howard, the manager of QuickStove, would like to maintain a list of customers from the United Kingdom in an Excel worksheet. He needs help to format the worksheet so that it will be easier to use. Complete the follow tasks to appropriately format, sort, and filter the worksheets in this workbook.

Amort

You have decided to purchase a new car. You plan to take out a loan to pay for the car. The loan amount is \$18,900. You will pay 6.5% interest and will pay off the car in 48 months. You are interested in calculating the total amount of money and the total amount of interest you will pay over the course of the loan. To help you with these calculations, you decide to construct an amortization table. An amortization table provides details about the payment, interest amount, principle amount, and loan balance for every month of the loan. Complete the tasks to complete the amortization table and the summary calculations below.

 Task # Points Task Description 1 9/9 Calculate the payment amount for the loan in cell C15. Reference the cells containing the appropriate loan information as the arguments for the function that you use. (Notice that “Payment” on the table fills with the payment amount in cell C15.) 2 6/6 Calculate the interest amount for period 1 in cell D20 by multiplying balance in period 0 (cell F19) by the loan interest rate (cell C13) divided by 12 (to create a montly interest rate). This formula is reusable. The interest for a given period is always the monthly interest rate times the balance from the previous period. 3 3/3 Copy the interest amount calculation down to complete the “Interest” column of the amortization table. 4 6/6 Calculate the principle amount for period 1 in cell E20. The principle amount is the difference between the payment amount (cell C20) and the interest amount (cell D20) for period 1. Construct your formula in such a way that it can be reused to complete the interest column of the amortization table. 5 3/3 Copy the principle amount calculation down to complete the “Principle” column of the amortization table. 6 6/6 Calculate the balance for period 1 in cell F20. The balance is the difference between the balance for period 0 (cell F19) and the principle amount for period 1 (cell E20). This formula is reusable. The balance is always calculated as the difference between the balance from the previous period and the principle amount for the current period. 7 3/3 Copy the balance amount calculation down to complete the “Balance” column of the amortization table. 8 6/6 Calculate the “Total Amount Paid” in cell G12 by multiplying the payment amount (cell C15) by the term of the loan (cell C12). 9 9/9 Calculate the total interest paid in cell G13. The total interest paid is the sum of all interest paid on the amortization table. 10 6/6 You can check to see if the total interest calculation from the amortization table is correct. The total interest paid is also equal to the difference between the Total Amount Paid” over the course of the loan and the original loan amount. Insert a formula into cell G14 to check the result of the SUM calculation you just made in cell G13. This formula should calculate the difference between the total amount paid and the original loan amount (notice the negative sign associated with the original loan amount). 11 3/3 Assume you have made the first 36 payments on your loan. You are interested in trading the car in for another new car. You believe that you can sell your car for \$4000. Will this cover the balance remaining on the car in period 36? Answer either “Yes” or “No” in cell G15. Total: 60/60 That’s 100 percent for this section

Consider the tables on the “Google” worksheet that detail the revenue for Google, Inc. from 2003 to 2010. Complete the tasks to construct a column, stacked column, pie, and line chart to discover patterns or trend in revenue across the eight years.

 Assignment Grade 165/165 That’s 100 percent for this Assignment

This BIS221T Week3 assignment contains an Excel workbook.