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  • Business Math - X000D - Using Excel: Chapter 10 - Practice 02

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    malvikataneja
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    This document contains instructions for a math exercise using Excel to calculate maturity values of loans with different principal amounts, interest rates, and time periods. Learners are asked to enter a formula in cell D5 to calculate the maturity value of the first loan by adding the principal to the result of multiplying the principal, interest rate, and time in days divided by 360. They should then copy this formula down to calculate the remaining loans, format the results as currency with two decimals, and save the file.

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    02a Interest - Simple Interest - ch010pr02 - Task.xlsx

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    This document contains instructions for a math exercise using Excel to calculate maturity values of loans with different principal amounts, interest rates, and time periods. Learners are asked to enter a formula in cell D5 to calculate the maturity value of the first loan by adding the principal to the result of multiplying the principal, interest rate, and time in days divided by 360. They should then copy this formula down to calculate the remaining loans, format the results as currency with two decimals, and save the file.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    15 views1 page

    Business Math - X000D - Using Excel: Chapter 10 - Practice 02

    Uploaded by

    malvikataneja
    This document contains instructions for a math exercise using Excel to calculate maturity values of loans with different principal amounts, interest rates, and time periods. Learners are asked to enter a formula in cell D5 to calculate the maturity value of the first loan by adding the principal to the result of multiplying the principal, interest rate, and time in days divided by 360. They should then copy this formula down to calculate the remaining loans, format the results as currency with two decimals, and save the file.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 1

    BUSINESS Name

    MATH_x000D_USING EXCEL
    _______________________________x000D__x000D_Date ______________________________

    A B C D
    1 Chapter 10 - Practice 02
    2
    3 Interest Time Maturity
    Principal
    4 Rate in Days Value
    5 $25,000 11.5% 100
    6 $85,000 12.2% 160
    7 $100,000 11% 120
    8 $3,500 8.5% 60
    9 $10,000 9% 150
    10
    11 Directions:
    1. In Cell D5, enter the formula =A5+(A5*B5*(C5/360)) to
    12
    compute Maturity Value. Copy the formula for each loan.
    13 2. Format answers for Currency, 2 Decimal places, and $.
    14 3. Save the file as ch10pr02a.xlsx.
    15

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