Amortization Assignment
Part I: Make an amortization table using Excel for #9 on the Finance Worksheet.
9. Suppose you decide not to wait on the $20,000 truck. Instead, you finance it at 6% compounded monthly
for 5 years.
(a) What are your monthly payments?
(b) How much did you end up paying for the truck?
(c) How much interest do you pay?
1. Save this file as AmortTable-FirstInitialLastName.xlsx. (Ex: Mine would be saved as AmortTable-MYosko.xlsx)
2.
3.
4.
5.
6.
Label the headers as shown above.
In cell A3, B3, C3, D3 type 0.
Put the value for P in cell E3.
Save your file (hit the buttons Ctrl and S on your keyboard at the same time).
In cell A4, type 1. Type =A4+1 in cell A5. Copy this formula in the cells below, in Column A. (Ask me
for help to do this quickly and efficiently).
7. In cell B4, type =(r/12)*E3 (use r for the problem above, remembering to move the decimal). Copy this
formula in the cells below, in Column B. (Ask me for help to do this quickly and efficiently).
8. Type your repayment in cell C4. Copy this formula in the cells below, in Column C. (Ask me for help to
do this quickly and efficiently).
9. Save your file (Ctrl S).
10. Type =C4-B4 in cell D4. Copy this formula in the cells below, in Column D. (Ask me for help to do this
quickly and efficiently).
11. Type =E3-D4 in cell E4. Copy this formula in the cells below, in Column E. (Ask me for help to do this
quickly and efficiently).
12. Save your file (Ctrl S).
13. At the very bottom, make sure the last value in the Outstanding Principal column (column E) is 0. If not, adjust
the final payment (repayment made column) so that the outstanding principal is 0. You can just type in the
number that needs to be in that column. Don’t worry about adjusting the formula.
14. We also want to find the total interest. Type =SUM(B3:B#) below the last value in column B where # means the
last row. (Note: You may not have as many rows as I have in the example above).
15. We also want to find the total paid. Type =SUM(C3:C#) below the last value in column C where # means the last
row. (Note: You may not have as many rows as I have in the example above).
16. Save your file (Ctrl S).
PART II:
1. Copy the entire amortization table you made. (You can highlight the whole thing with your mouse, then hit the
buttons Ctrl and C on your keyboard at the same time).
2. Click Sheet 2 at the bottom of your Excel worksheet. Click cell A1 and then hit Ctrl V. Your table should now also
be in Sheet 2.
3. Save your file (Ctrl S).
4. Using the table in Sheet 2, leave the payment as it is for the first 12 payments. For the 13th payment and every
payment after, change the payment to $50 more than it was in Part I.
5. Complete the same steps you did for Part I.
6. Find the total interest and total paid.
7.
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9.
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11.
Save your file (Ctrl S).
Click Page Layout at the top of the Excel file. Click Orientation. Then click Landscape.
Also in the Page Layout area, click the Print box under Gridlines.
Print the result and turn this in at the beginning of class. (Ctrl P)
Email this file to [email protected] with AmortTable-FirstInitialLastName.xlsx as the subject.
<<Last Name>>, <<First Name>>
On Final Exam
Last 5 Points of 55
The Task
You are to go online to Blackboard, and either
check your email or download your excel file from
Blackboard that has YOUR last name in it.
www.youtube.com/watch?v=HOblE4FMud4
Perform the steps shown in the video and decide
to reject or not reject H0 (Null Hypothesis)
Go onto library.victoriacollege.edu, select nursing/
allied health, and access “PubMed”, and find a relevant arcle (and read it).
In an email, aach your excel file and arcle PDF,
put “stats ANOVA” in the subject line, and in the
body of the email write your H0 status from your
excel results, and summarize how your arcle is
relevant to your results.
Professor M. Wiley
Recommendaons
•
Make sure you find a PDF of your PubMed arcle so you can read the enre arcle.
•
The summary should be one good paragraph.
Be sure to menon any relevant stascs from
the arcle—and the conclusions as they relate
to your ANOVA result.
[email protected]
Professor R. Winkenwerder
[email protected]
VICTORIA
COLLEGE
Math 1342