Exp22_excel_ch02_hoe – townsend mortgage company

Excel Chapter 2 Hands-On Exercise – Townsend Mortgage Company 

Exp22_Excel_Ch02_HOE – Townsend Mortgage Company

Exp22 Excel Ch02 HOE – Townsend Mortgage Company

  

Project Description:

You are an assistant to Yui Matheson, a mortgage broker at the Townsend Mortgage Company. Yui spends days reviewing mortgage rates and trends, meeting with clients, and preparing paperwork. Yui relies on your expertise in using Excel to help analyze mortgage data. Today, Yui provided you with sample mortgage data: loan number, house cost, down payment, mortgage rate, and the length of the loan in years. She asked you to perform some basic calculations so that the output provided by her system can be checked to verify that it is calculating results correctly. You have also been tasked with calculating the amount financed, the periodic interest rate, the total number of payment periods, the percentage of the house cost financed, and the payoff year for each loan. In addition, you will calculate totals, averages, and other basic statistics. Furthermore, Yui asked you to complete another worksheet that uses functions to look up interest rates from a separate table, calculate the monthly payments, and determine how much (if any) the borrower will have to pay for private mortgage insurance (PMI).

     

Start Excel. Download and open   the file named Exp22_Excel_Ch02_HOE_Loans.xlsx.   Grader has automatically added your last name to the beginning of the   filename.

 

You would like to create a   formula to calculate the amount financed for each loan.
 

  Enter a formula in cell D8 to calculate the amount financed for the first   mortgage. Once completed, copy the formula down completing column D.

 

 

You would like to create a   formula to calculate the monthly interest rate per period for each loan.
 

  Enter in formula in cell F8 to calculate the monthly interest rate for the   first loan. Add the appropriate absolute cell reference for cell B5 and then   use the fill handle to copy the formula down completing column F.

 

You would like to calculate the   total number of payment periods for each loan. To complete the task, you will   use a mixed cell reference as an alternative to an absolute cell reference.
 

  Enter a formula in cell H8 to calculate the total number of payment periods   per loan. Use an appropriate mixed cell reference for cell B5 and then use   the fill handle to copy the formula down completing column H.

 

You would like to calculate the   total value of the homes being financed.
 

  Use AutoSum in cell B16 to calculate the total value of all homes sold.

 

You would like to calculate the   average value of all homes being purchased.
 

  Use AutoSum in cell B17 to calculate the average value of all homes being   purchased.

 

You would like to calculate the   median value of all homes being purchased.
 

  Enter a function in cell B18 to calculate the median value of all homes being   financed.

 

You would like to display the   cost of the least expensive home.
 

  Enter a function in cell B19 to display the value of the least expensive home   financed.

 

You would like to display the   value of the most expensive home financed.
 

  Enter a function in cell B20 to display the most expensive home financed.

 

You would like to determine the   total number of homes financed.
 

  Enter a function in cell B21 to count the total number of homes being   financed based on the values column B.

 

To complete your calculations   you will use the fill handle to copy the previously created functions.
 

  Use the fill handle to copy the functions in the range B16:B21 through the   range C16:D21.

 

You would like to test the   functions you created by editing one of the values in the worksheet.
 

  Edit the value in cell B9 to 425000. Note the results of the formulas are now updated.

 

It is a good practice to insert   the date in a worksheet containing financial information. You will use the   TODAY function to insert the current date in cell B4.
 

  Use the TODAY function to insert the current date in cell B4.

 

You would like to use a lookup   function on the Payment Info worksheet to determine the annual percentage   rate (APR) of homes financed based on the lookup table in the range D4:E6.
 

  Use the XLOOKUP function in cell G9 to determine the APR based on the years   financed in cell F9, lookup array in the range D4:D6, and return array in the   range E4:E6. Be sure to use the appropriate absolute cell referencing. Then   use the fill handle to copy the function down completing column G. 

 

Next you will calculate the   total payment for each mortgage financed.
 

  Use the PMT function in cell H9 to calculate the monthly payment based on the   APR in cell G9, years financed in cell F9, and amount financed in cell D9.   Ensure the final value is positive. Use the appropriate absolute cell   references and then copy the function down completing the column. 

 

For your last step you will   determine the monthly personal mortgage insurance (PMI) if applicable. Since   not all mortgages require PMI, you will use the IF function.
 

  Enter an IF function in cell I9 to determine the monthly PMI if applicable.   The mortgage requires PMI if the percent of down payment is less than 20%   (cell B7). If the mortgage requires PMI it is .38% of the amount financed. Be   sure to use the appropriate absolute cell references for the input values and   then use the fill handle to copy the function down completing the column.

 

Save and close Exp22_Excel_Ch02_HOE_Loans.xlsx. Exit   Excel. Submit the file as directed.

Calculate the price of your order

Choose an academic level, add pages, and the paper type you want.
To reduce the cost of our essay writing services, select the lengthier deadline.
We can't believe we just said that to you.

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Why is Purdue Papers the Most Helpful Essay Writing Service for You?

  1. Custom-written and plagiarism-free papers: Our authors create their work from scratch. Before presenting them to clients, we routinely verify them for signs of plagiarism. Our quality assurance group also double-checks and fixes any grammatical errors, assuring that all of our authors adhere to the same standards of writing.
  2. The significance of timely delivery cannot be overstated, and we consistently strive to meet or exceed our clients' deadlines. Regardless of the short time frame, you can count on our writers to get the job done. We always have a team of writers ready to go, even if the deadline is only six hours away.
  3. Customer Satisfaction: Our customer service representatives are the best in the business and have a wealth of knowledge in dealing with clients. All our customer service representatives are trained to listen and reply promptly until you are satisfied with their service. To ensure you're happy, our expert writers will strictly follow the criteria to generate a special report. Our customer service may be contacted by chat, email, or phone. In addition, we provide round-the-clock assistance to all of our clients.
  4. Confidentiality: Our systems are safe, and your information is always protected. We're constantly looking for new facts when it comes to finishing your work. We use a safe and secure payment channel. Since our ordering process is completely anonymous, you don't have to provide any credit card information to place a purchase with us.
  5. Highly Trained Authors: Our writers have received extensive training and are committed to delivering only the best papers. They are fluent in APA, MLA, HARVARD, IEEE, CHICAGO, and AMA referencing styles. To meet your expectations, our skilled writers always pay close attention to your instructions.
  6. Lowered prices: We have set prices that are already discounted. Our prices are the best and affordable for all our esteemed customers.

Let Professionals Take Care of your Academic Paper