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Shippensburg University of Pennsylvania Microsoft Excel Project

Shippensburg University of Pennsylvania Microsoft Excel Project

Question Description

I’m working on a operating systems project and need support to help me understand better.

  1. Set range names for the workbook.

    1. Name Manager dialog box
      Figure 2-90 Name Manager dialog box
  2. Enter a PMT function.

    1. 	The formula is =PMT(Rate/12,Loan_Term*12,-Loan_Amount)
      Figure 2-91 Pv argument is negative in the PMT function
  3. Create a total interest formula.

    1. Parentheses are not necessary in the formula
      Figure 2-92 Left-to-right operations
  4. Create the total principal formula and the total loan cost.
  5. Set order of mathematical operations to build an amortization schedule.

    1. The formula is =B13*(Rate/12)
      Figure 2-93 The interest formula
    The image includes rows 13 through 28 and then rows 60 through72 after you complete Step 7g.
    Formulas in cells B13:F13
    B13 =Loan_Amount
    C13 =B13*(Rate/12)
    D13 =Payment-C13
    E13 =C13+D13
    F13 =B13-D13
  6. Fill data and copy formulas.

    1. Formulas copied to row 72 with a zero ending balance
      Figure 2-94 Formulas copied down columns
  7. Build a multiplication formula.

    1. The formula is =C7*D7*E7
      Figure 2-95 Formula to calculate total fees per course
  8. Use SUMIF to calculate fees by department.

    1. The formula is =SUMIF($B$B7:$A$18,B26,$F$7:$F$18)
      Figure 2-96 Function Arguments dialog box for SUMIF
  9. Copy a SUMIF function.

    1. The AutoFill Options button has an option to fill without formatting.
      Figure 2-97 Formula is copied without formatting
  10. Use SUMPRODUCT and trace an error.
  11. Copy and edit SUMPRODUCT.

    1. The formula is now =SUMPRODUCT(C10:C12,D10:D12)
      Figure 2-98 Replace the ArrayN arguments
  12. Insert the current date as a function.
  13. Paste range names.

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