Worksheet_Financial_Functions

Worksheet_Financial_Functions - Class Worksheet-Financial...

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Class Worksheet-Financial Functions Above is a spreadsheet analyzing several possible car purchasing/financing options. Values in the un- highlighted cells are given, values in shaded cells contain the formulas you will write, and values in cells with a pattern are copied from the formulas you will write. For each of the different car promotions, you will be asked to calculate either the loan payment, selling price, loan duration, interest rate or balloon payment. A balloon payment is an amount you still owe on the loan at the end of the loan duration (future value). If a loan is fully paid off at the end of the loan duration it has no balloon payment (FV=0). The number of compounding periods per year is given in column G. Use cell references wherever possible in your answers. Page 1 of 4
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Class Worksheet-Financial Functions SOLUTIONS: 1. =ROUND(B5-B5*D5,0) 2. =PMT(C5/G5,F5*G5,E5,I5) 3. =NPER(C6/G6,H6,E6,I6)/G6 4. =FV(C7/G7,F7*G7,H7,E7) 5. =FV(C7/G7,F7*G7,H7,E7, 1 ) 6. =G8*RATE(F8*G8,H8,E8,I8) 7. =PV(C9/G9,F9*G9,H9,I9) 8. =AND(B5*D5<=down,-H5<=maxpay) 9. =FV(0.06,10,0,-12000)>=B5 10.= IF (OR (E5<15000, C5<6.5%), “CONSIDER”, “REJECT”)) or IF(E5<15000,"CONSIDER",IF(C5<6.5%,"CONSIDER","REJECT")), Page 2 of 4
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