EX2016-ChallengeYourself-6-4-instructions.pdf - A Skills...

Info icon This preview shows pages 1–2. Sign up to view the full content.

A Skills Approach: Excel 2016 Chapter 6: Exploring Advanced Functions Step 1 Download start file Challenge Yourself 6.4 In this project, you will complete a series of budget worksheets, including a home loan analysis, rental comparison, and savings and retirement planning. The fair market rent information in the Final FY2017 Virginia FMR worksheet was copied from the U.S. Department of Housing and Urban Development Web site at . Skills needed to complete this project: Calculating the Number of Payments with NPER Rounding with Functions Finding Data with MATCH and INDEX Calculating Future Value with the FV Function Using PV to Calculate Present Value when Payments Are Constant Using NPV to Calculate Present Value when Payments Are Variable 1. Open the start file EX2016-ChallengeYourself-6-4 . The file will be renamed automatically to include your name. Change the project file name if directed to do so by your instructor, and save it. 2. If the workbook opens in Protected View , enable editing so you can make changes to the workbook. 3. On the Loan Terms worksheet, calculate how quickly you could pay off the loan if you increased the monthly payment. a. In cell D11 , use NPER to calculate the number of months to pay off the loan using the new monthly loan payment amount in cell D10 . Remember to use a negative value for the Pmt
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Summer '17
  • Negative and non-negative numbers, Mortgage loan, Nper, Virginia FMR worksheet

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern