Guilianna Perea QBA 10am

Monthly
Selling Price ($) $35,000.00 Payment
Down Payment ($) $8,750.00 ($1,163.42)
Amount Borrowed ($) $26,250.00
Stated Rate 6.00%
Term (years) 2
base (monthly) 12
i: interest per payment 1672.08
n: number of payments 24
Payment Payment Amount to Amount to
Number Amount Interest Principle

1 -1163.42 43892100.00 -43893263.42

2 -1163.42 ### ###
3 -1163.42 ### ###
4 -1163.42 ### ###
5 -1163.42 ### ###
6 -1163.42 ### ###
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9 -1163.42 ### ###
10 -1163.42 ### ###
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12 -1163.42 ### ###
13 -1163.42 ### ###
14 -1163.42 ### ###
15 -1163.42 ### ###
16 -1163.42 ### ###
17 -1163.42 ### ###
18 -1163.42 ### ###
19 -1163.42 ### ###
20 -1163.42 ### ###
21 -1163.42 ### ###
22 -1163.42 ### ###
23 -1163.42 ### ###
24 -1163.42 ### ###
 Calculate means to force the cell to make the calculation - this
means you must use the = sign first (=.12/12 or = 5 * 12)
Input means to type the appropriate amount or number
YOU WILL USE MY PRE-PROGRAMMED
AMORTIZATION TABLE PROVIDED HERE.

DIRECTIONS / INSTRUCTIONS
1. Input Full name in cell A1.
2. Input QBA and time (if online type online) in E1.
3. Input the Selling Price in - B3
Outstanding 4. Input the Down Payment in - B4
Balance 5. Input the Amount Financed in - B5
$26,250.00 6. Input the Stated Rate in - B6
### 7. Input the Term (years) in - B7
### 8. Input the Base (m) in - B8
### 9. Calculate i (interest per payment) - in B9
### 10. Calculate n (number of payments) - in B10
### 11. Using fx (function wizard) calculate the monthly payment in C4.
### 12. Submit through BrightSpace by "DUE DATE" - Sunday April 7th 11:59pm.
### Replace King with your LAST NAME
### 0. Table should automatically reduce itself to zero …..
###
### Your Criteria: Based on the first letter of your last name
### You will use the information provided
###
### If your Last Name begins with A - I
### Selling Price of vehicle is $20,000, Down Payment is 20%, Contract is 8% monthly fo
### If your Last name begins with J - R
### Selling Price of vehicle is $35,000, Down Payment is 25%, Contract is 6% monthly fo
### If your Last name begins with S - Z
### Selling Price of vehicle is $50,000, Down Payment is 30%, Contract is 9% monthly fo
###
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 points
0.25 pts.
0.25 pts.
0.50 pts.
0.50 pts.
0.50 pts.
0.50 pts.
0.50 pts.
0.50 pts.
1.50 pts.
1.50 pts.
3.00 pts.
0.50 pts.

0.00 pts.
10.00 pts.

ontract is 8% monthly for 2 years

ontract is 6% monthly for 2 years

ontract is 9% monthly for 2 years