Excel Module 9: SAM Project 1b Charge All | Excel Module 9: SAM Project 1b

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New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9


#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9


#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9



#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

1. Hwan Rhee is considering whether to start a software company called ChargeAll in Menlo Park, California, that will produce full-room wireless chargers for any type of mobile electronic device. Hwan is using an Excel workbook to analyze the financial data for a startup loan that will fund the parts and manufacturing of his product. He asks for your help in correcting errors and making financial calculations in the workbook.

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

Go to the Loan Analysis worksheet. Before Hwan can calculate the principal and interest payments on the loan, he asks you to correct the errors in the worksheet. Correct the first error as follows:
a. In cell D11, use the Error Checking command to identify the error in the cell.
b. Correct the error to calculate the monthly payment for the loan.
2. Correct the #DIV/0! errors in the worksheet as follows:
a. Use Trace Precedents arrows to find the source of the #DIV/0! error in cell G12.
b. Correct the formula in cell G12, which should divide the remaining principal (cell G11) by the loan amount (cell D6) to find the percentage of remaining principal.
c. Fill the range H12:K12 with the formula in cell G12 to correct the remaining #DIV/0! errors.
d. Remove any remaining trace arrows.
3. Now Hwan is ready to calculate the annual principal and interest payments for the startup loan. Start by calculating the cumulative interest payments as follows:

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

a. In cell G9, enter a formula using the CUMIPMT function to calculate the cumulative interest paid on the loan for Year 1 (payment 1 in cell G7 through payment 12 in cell G8). Use 0 as the type argument in your formula because payments are made at the end of the period.
b. Use absolute references for the rate, nper, and pv arguments, which are listed in the range D6:D12.

#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9

c. Use relative references for the start and end arguments.
d. Fill the range H9:K9 with the formula in cell G9 to calculate the interest paid in Years 2–5 and the total interest.
4. Calculate the cumulative principal payments as follows:
a. In cell G10, enter a formula using the CUMPRINC function to calculate the


#New Perspectives Excel 365/2021
#Module 9: SAM Project 1b
#Charge All
#SAM Project 1b
#NP_EX365_2021_9b
#NP_EX365_2021_9b
#Module 9: SAM Project 1b
#Module 9