Homework 2 - Homework 2 Excel Functions Objective Use IF...

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

View Full Document Right Arrow Icon
Homework 2: Excel Functions Objective: Use IF, VLOOKUP, and financial functions to build a loan Calculator and amortization table. 1. Download and open the Excel file, LoanCalculator_HW2.xlsx that is posted on Blackboard along with this assignment. 2. Enter your name as the customer name in merged cells B2:C2. 3. Save the file with a new name in the default Excel format. 4. Select the LoanData worksheet. Sample data is already provided in cells in range B3:B6. You may change this data as you wish. 5. Apply data validation to cell B6. Use a drop-down menu to limit the user choice to the years listed in column H. 6. Use the range names in bold below to name ranges (individual cells) in the model that represent the specific items of data: a. Loan Amount: loanAmt (B13) b. Loan Term: term (B6) c. Interest Rate: iRate (B11) 7. *Enter a formula into cell B12 that simply references the loan term in cell B6 (use the range name term ). =term 8. Use the VLOOKUP function to return the customer's interest rate based on his credit score.
Image of page 1

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

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ 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