Lab-1: Lab Assignments
Lab-1: Lab Assignments
Lab-1: Lab Assignments
and titles. To change the color of a cell, select the cell and click on the button
highlighted by a red box in the Figure 1.4. Pick an appropriate color from the list.
Figure 1.4 After entering additional information (Black box on top shows the
cell color button)
Enter Total payments in cell A7 and in cell B7 enter the formula =B5*B6. Type
Periodic Interest Rate in cell A8 and in cell B8 enter the formula =B4/B6. To ensure
that your number displays as a percentage, Right click on cell B8, select Format Cells,
Click on the Number tab, Select Percentage and change the Decimal places to 1 as
shown in Figure 1.5. Finally we calculate the monthly payment amount from the periodic
interest rate, principal amount and total number of payments. The payment per month
can be calculated using the formula (which you will learn in your economics /finance
class):
Enter Payment amount in cell A9 and enter the formula =B3*B8/(1-((1+B8)^- B7)) in
cell B9. This number is currency, so follow the instructions as before and change the
cell to display the value as currency. Now the spreadsheet has all the data required to
build the amortization table.
To ensure that your text fits the cells, you should select the cells and right click on them
and choose the Format cells option, click on the Alignment tab and check the Wrap
text option. The text you entered into the selected cell will automatically fit into the cell.
Figure 1.12 Calculating the second payment using the copy paste method
The second way to accomplish this is to select the cells for D12 to F12 and move your
mouse to the bottom corner of the selected cells as shown in Figure 1.13.
Figure 1.13 Calculating the second payment using the click and drag method
When the mouse arrow turns to the + button as shown in Figure 1.13, click and drag to
the next row. This will calculate all the entries for the next payment.
Figure 1.15 Completed loan amortization table for the first 10 payments.
Notice that the table was already configured to show the $ sign for the all entries.
Ensure that proper formatting is followed to improve the appearance and readability of
the table.
Try this:
Prepare the new amortization table for a loan amount of $30000, APR of 8% and a
loan term of 8 years. What is the total amount of interest you would pay to the
bank over the 8-year loan period?
Q.2 Produce a currency conversion table which converts from Euro to Pounds and
to Dollars, based on the conversion rate of 0.6884 Euro to Pounds and 1.2382
from Euro to Dollars. Write down your numbers with a precision of four digits.
Use the Autofill function to produce a column with 0.1-0.9, 1-10 and 10-100 (in
Euro). Provide a field for the date and produce it using the TODAY-function. Make
your table flexible such that when the convertion rate changes you only have to
alter the convertion rate and the table will be changed automatically. Add a title
saying Currency conversion table. Use your table to convert 58.7 Euros into
Pounds and Dollars. The table should look roughly as
Q.3