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5. What is the interest charged for the first month?Chileant EvcelEs.0FORMULASPAGE LAYOUTDXDATAR HOMECalibriREVIEWINSERTNIEWEric Gate5conditional FormattingAccounting$.%AMFormat as TableW6Cell StylesCells EditingNumberAllgnmentFontStylesOioe-D4CDGHOPrincipal:$ 1,000.001 Buying a Flat Screen TVAPR:12%MonthDouble-click on the fill handle ofthe highlighted cells to quickly filldown to month 12 (you must havemonths 1-12 already filled in)Interest New BalanceBalance1 $1,000.00 $ 10.00 $ 1,010.002 $1,010.00 $ 10.10 $ 1,020.10Period:3 MonthNo. of periodsin tyear:12Periodic Rate:1.0%SheetsCar LoanCredit CardAVERAGE S60.07 COUNTS SUM: S2040.20130READYScreenshots from Microsoft Excel. Used by permission of Microsoft Corporation.Cell Reference HandbookChanges the row number when you fill up/down and changes thecolumn letter when you fill left/right.SA4 Changes the row number when you fill up/down and fixes thecolumn letter when you fill left/right.A$4 Fixes the row number when you fill up/down and changes thecolumn letter when you fill left/right.SA$4 Fixes the row number when you fill up/down and fixes the columnA4RelativeMixedMixedAbsoluteletter when you fill left/right.6. What formula is in cell C4? D4?7. Which formula involves an absolute cell reference?Copyright 2017 Pearson Education, Inc.7n

Question

Why do we need to fill in the second row before we fill the formula down?

5. What is the interest charged for the first month?
Chileant Evcel
Es.0
FORMULAS
PAGE LAYOUT
DX
DATA
R HOME
Calibri
REVIEW
INSERT
NIEW
Eric Gate
5conditional Formatting
Accounting
$.%
A
M
Format as Table
W
6
Cell Styles
Cells Editing
Number
Allgnment
Font
Styles
Oioe
-D4
C
D
G
HO
Principal:
$ 1,000.00
1 Buying a Flat Screen TV
APR:
12%
Month
Double-click on the fill handle of
the highlighted cells to quickly fill
down to month 12 (you must have
months 1-12 already filled in)
Interest New Balance
Balance
1 $1,000.00 $ 10.00 $ 1,010.00
2 $1,010.00 $ 10.10 $ 1,020.10
Period:
3 Month
No. of periods
in tyear:
12
Periodic Rate:
1.0%
Sheets
Car Loan
Credit Card
AVERAGE S60.07 COUNTS SUM: S2040.20
130
READY
Screenshots from Microsoft Excel. Used by permission of Microsoft Corporation.
Cell Reference Handbook
Changes the row number when you fill up/down and changes the
column letter when you fill left/right.
SA4 Changes the row number when you fill up/down and fixes the
column letter when you fill left/right.
A$4 Fixes the row number when you fill up/down and changes the
column letter when you fill left/right.
SA$4 Fixes the row number when you fill up/down and fixes the column
A4
Relative
Mixed
Mixed
Absolute
letter when you fill left/right.
6. What formula is in cell C4? D4?
7. Which formula involves an absolute cell reference?
Copyright 2017 Pearson Education, Inc.
7
n
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5. What is the interest charged for the first month? Chileant Evcel Es.0 FORMULAS PAGE LAYOUT DX DATA R HOME Calibri REVIEW INSERT NIEW Eric Gate 5conditional Formatting Accounting $.% A M Format as Table W 6 Cell Styles Cells Editing Number Allgnment Font Styles Oioe -D4 C D G HO Principal: $ 1,000.00 1 Buying a Flat Screen TV APR: 12% Month Double-click on the fill handle of the highlighted cells to quickly fill down to month 12 (you must have months 1-12 already filled in) Interest New Balance Balance 1 $1,000.00 $ 10.00 $ 1,010.00 2 $1,010.00 $ 10.10 $ 1,020.10 Period: 3 Month No. of periods in tyear: 12 Periodic Rate: 1.0% Sheets Car Loan Credit Card AVERAGE S60.07 COUNTS SUM: S2040.20 130 READY Screenshots from Microsoft Excel. Used by permission of Microsoft Corporation. Cell Reference Handbook Changes the row number when you fill up/down and changes the column letter when you fill left/right. SA4 Changes the row number when you fill up/down and fixes the column letter when you fill left/right. A$4 Fixes the row number when you fill up/down and changes the column letter when you fill left/right. SA$4 Fixes the row number when you fill up/down and fixes the column A4 Relative Mixed Mixed Absolute letter when you fill left/right. 6. What formula is in cell C4? D4? 7. Which formula involves an absolute cell reference? Copyright 2017 Pearson Education, Inc. 7 n

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In any question which demand the excel sheet the first step is to be all the data as the formulas work on data.

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