1. Grauer and Barber Series Microsoft Excel Chapter Three
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Microsoft Excel

2. Analysis of a Car Loan Formula to calculate Payment 9/19/2018
Microsoft Excel

3. Analysis of a Car Loan Use PMT function to calculate monthly payment
Use function paste to retrieve function
PMT function
=PMT arguments
(Interest rate per period annual/12,
Number of periods 3 years * 12 months/year
Amount of Loan (enter as a negative number)
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4. Payment Function Payment Function PMT Financial Category 9/19/2018
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5. PMT Function Enter a function by Typing in function and pressing enter
Using the function Paste function key
Enter
Payment
Arguments
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6. Goal Seek
Desired
Payment
Answer
Returned
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7. Hands-On Exercise One Enter and save a spreadsheet
Use File, Save to save the worksheet
Enter the PMT function to calculate car loan
Use Tools, Goal Seek to find solution
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8. Home Mortgages Comparison of Monthly Payment
30 Year and 15 Year Mortgage
Comparisons
Of 30 and 15
year mortgage
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9. Home Mortgages Comparison of Monthly Payment
30 Year and 15 Year Mortgage
Formulas
To calculate
payment
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10. Hands-On Exercise Two Enter data to create a variable rate mortgage
Use File, Save as and save the spreadsheet
Enter the =PMT function to calculate payment
Use File, Print Preview, Setup button to set print options
Use Tools, Options, view tab (show formulas)
Use File, Print to obtain a hardcopy of spreadsheet
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Microsoft Excel

11. Other Functions Statistical Functions
Find the largest and smallest numbers in range
=MAX(Range), =MIN(Range)
Example =MAX(C4:C10)
Find the average or mean of a range of numbers
=AVERAGE(Range)
Example = AVERAGE(D5:D10)
Use the Sum function to add cells
Type or use button to sum
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12. Functions Use Function Paste Button to locate function Statistical
Category
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13. If Function Use the If function when asking questions regarding data
Format
=IF(Condition, value if true, Value if false)
Example
=IF (H5 = “S”, “Salary”, “Commissioned”)
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Microsoft Excel