Worldwide Sporting Goods

Financial Worksheet
Calculating the number of periods required to accumulate a specific value: NPER Function

You invest $20,000 at the end of each year into an account

earning 8% a year. The account is currently worth $40,000. Using
the NPER function, determine how long it will take for the account
to be worth $500,000.

Payment (pmt)
Interest (rate)
Present Value (pv)
Future Value (fv)

(20,000)
8%
(40,000)
500,000

$
$

Term Years

Worldwide Sporting Goods

Financial Worksheet
Calculating the Periodic Payments: Using the PMT Function

You need to borrow $150,000 for a mortgage on a house. The

yearly interest rate of the mortgage will be 8.5%, and the length of
the mortgage is 30 years. Use the PMT function to determine your
monthly payments.

Principal (pv)
Interest (rate)
Term/years (nper)

150,000
8.50%
30

Payment
Per Month

: NPER Function

Worldwide Sporting Goods

Quarterly Sales
QTR2
J. Smith
G. Frankel
J. Hamilton
T. Ticknor
M. Donder
L. Smith
B. Manny
Totals
Averages

Qtr1
63,500.00
57,500.00
41,300.00
67,500.00
48,595.00
72,900.00
95,000.00
446,295.00
63,756.43

Apr
20,000.00
15,000.00
14,700.00
12,000.00
18,000.00
14,800.00
12,500.00
107,000.00
15,285.71

May
25,000.00
22,000.00
16,000.00
30,000.00
13,488.00
40,000.00
75,000.00
221,488.00
31,641.14

Jun
21,000.00
18,500.00
20,600.00
35,500.00
12,000.00
21,400.00
66,500.00
195,500.00
27,928.57

Qtr2
66,000.00
55,500.00
51,300.00
77,500.00
43,488.00
76,200.00
154,000.00
523,988.00
74,855.43

% Sales
12.6%
10.6%
9.8%
14.8%
8.3%
14.5%
29.4%
100.0%

Bonus

Equipment Showcase 2004

Preparation Plan
All materials must be ready by:
Current Date:

Materials
Booth
Catalog
Marketing materials

Start Date

# Days Worked