Mathematics Help with math assignment that's due on August 20, 2023
Tina f
3 years ago
25
files (2)MA22023Explanation.pptx
- MA2ExcelTemplate20230101.xlsx
MA22023Explanation.pptx
Major Assignment 2
Savings and Loan Analysis, Budget cost projection and conversion
Savings and Loan Analysis
Let’s get started.
Once again, don’t forget to enter your name.
Click the tab called Historical Mortgage Rates and look up the rates.
Note that the rates are in points, that is, percentage points; e.g., 3.45 is 3.45% or 0.0345. Make sure to account for this in your formulas.
Savings and Loan Analysis (Savings)
You need to use Excel formulas.
You need to enter = P*((1+r/n)^(n*t)-1)/(r/n) in “Total amount saved.”
Total contribution is = contribution amount (P) * number of contributions per years (n) * number of years (t)
Total accrued interest is =total amount saved (A) – total contributions
Savings and Loan Analysis (Loans)
You need to use Excel formulas.
You need to enter = P*(r/n)/(1-(1+r/n)^(-n*t)) in “Payment amount.”
Total amount paid is = payment amount (pmt) * number of contributions per years (n) * number of years (t).
Total amount of interest paid is = total amount paid over the time of the loan – principal.
Budget Cost Projection
The yearly inflation rate is =(CPI one year later – Reference CPI)/Reference CPI.
For the projected budget, you need to enter = B*(1+r)^t in each cell under “Projected Budget.”
The percent increase is defined as =(future budget – current budget)/current budget.
Conversions
Copying and pasting between different sheets.
First, click the cell (monthly savings) and select “copy.”
Next, in the designated cell in the “Conversions” sheet, choose “Paste Link (N)” from the Paste Options (The rightmost icon) (Refer to the picture on the right).
Conversions
How to enter the currency code.
First, right-click the cell and choose “Format cells.”
Next, select Currency in “Category”
Conversions
Click the pull-down in “Symbol.”
If you pull down all the way, you should see all the currency codes.
Conversions
When you convert your money in US dollars to the other currency, here is a formula: =your money in the USD * Exchange rate with $1.
When you convert your money in the other currency to the US dollars, here is a formula: =your money in the other currency * (1/Exchange rate with $1).
