mortization Schedule To continue your analysis of facility expenditures, you want to complete an amortization table detailing payment, principal, interest, cumulative principal, and cumulative interest. 35. Ensure that the New_Construction worksheet is active 36. Enter a reference in cell B12 to the beginning loan balance. 37. Enter a reference in cell C12 to the payment amount. 38. Enter a function in cell D12 based on the payment and loan details that calculates the amount of interest paid on the first payment. Be sure to use the appropriate absolute, relative, or mixed cell references. All results should be formatted as positive numbers. 39. Enter a function in cell E12 based on the payment and loan details that calculates the amount of principal paid on the first payment. Be sure to use the appropriate absolute, rela- tive, or mixed cell references and ensure the results are positive. 40. Enter a formula in cell F12 to calculate the remaining balance after the current payment. The remaining balance is calculated by subtracting the principal payment from the balance in column B. 41. Enter a function in cell G12 based on the payment and loan details that calculates the amount of cumulative interest paid on the first payment. Be sure to use the appropriate abso- lute, relative, or mixed cell references and ensure the results are positive. 42. Enter a function in cell H12 based on the payment and loan details that calculates the amount of cumulative principal paid on the first payment. Be sure to use the appropriate ab- solute, relative, or mixed cell references. All results should be formatted as positive numbers. 43. Enter a reference to the remaining balance of payment 1 in cell B13. 44. Use the fill handle to copy the functions created in the prior steps down to complete the amor- tization table. Expand the width of columns D:H as needed. 45. Save the workbook. orm, PowerPivot, and 3D Maps You want to create a PivotTable to analyze sales information. To complete this task, you will use Get & Transform to connect and transform the data. Then you will use 3D Maps to create a geo- graphic visualization of warehouse information. MAC TROUBLESHOOTING: The standard installation of Excel for Mac does include drivers for importing SQL databases but does not include drivers to import data from Access. To import data from Access, third-party ODBC drivers must be purchased and installed. The required drivers can be downloaded. For more information search ODBC drivers that are compatible with Excel for Mac on https://support.office.com. C D E 1 2 A1 A ⠀ |× ✓ fx B 3 Facility Amortization Table Payment Details 4 5 6 Payment 7 APR 8 Years 9 Pmts per Year Loan Details $8,647.55 Loan $450,000.00 5.75% Periodic Rate 5 # of Payments 0.479% 60 12 LL F G H 10 Payment 11 Number Beginning Balance Payment Amount Principal Interest Paid Repayment Remaining Balance Cumulative Interest Cumulative Principal 12 1 13 2 3 14 15 st 16 5 17 6 18 7 19 8 20 9 21 10 22 11 23 12 24 13 25 14 26 15 Employee_Info New_Construction +

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

This needs to be done with the PMT functions, I can't figure out why the principal and interest don't add to the payment amount. I need help on 38 - 42. Thank you!

mortization Schedule
To continue your analysis of facility expenditures, you want to complete an amortization table
detailing payment, principal, interest, cumulative principal, and cumulative interest.
35. Ensure that the New_Construction worksheet is active
36. Enter a reference in cell B12 to the beginning loan balance.
37. Enter a reference in cell C12 to the payment amount.
38. Enter a function in cell D12 based on the payment and loan details that calculates the
amount of interest paid on the first payment. Be sure to use the appropriate absolute, relative,
or mixed cell references. All results should be formatted as positive numbers.
39. Enter a function in cell E12 based on the payment and loan details that calculates the
amount of principal paid on the first payment. Be sure to use the appropriate absolute, rela-
tive, or mixed cell references and ensure the results are positive.
40. Enter a formula in cell F12 to calculate the remaining balance after the current payment.
The remaining balance is calculated by subtracting the principal payment from the balance
in column B.
41. Enter a function in cell G12 based on the payment and loan details that calculates the
amount of cumulative interest paid on the first payment. Be sure to use the appropriate abso-
lute, relative, or mixed cell references and ensure the results are positive.
42. Enter a function in cell H12 based on the payment and loan details that calculates the
amount of cumulative principal paid on the first payment. Be sure to use the appropriate ab-
solute, relative, or mixed cell references. All results should be formatted as positive numbers.
43. Enter a reference to the remaining balance of payment 1 in cell B13.
44. Use the fill handle to copy the functions created in the prior steps down to complete the amor-
tization table. Expand the width of columns D:H as needed.
45. Save the workbook.
orm, PowerPivot, and 3D Maps
You want to create a PivotTable to analyze sales information. To complete this task, you will use
Get & Transform to connect and transform the data. Then you will use 3D Maps to create a geo-
graphic visualization of warehouse information.
MAC TROUBLESHOOTING: The standard installation of Excel for Mac does include drivers
for importing SQL databases but does not include drivers to import data from Access. To import data
from Access, third-party ODBC drivers must be purchased and installed. The required drivers can be
downloaded. For more information search ODBC drivers that are compatible with Excel for Mac on
https://support.office.com.
Transcribed Image Text:mortization Schedule To continue your analysis of facility expenditures, you want to complete an amortization table detailing payment, principal, interest, cumulative principal, and cumulative interest. 35. Ensure that the New_Construction worksheet is active 36. Enter a reference in cell B12 to the beginning loan balance. 37. Enter a reference in cell C12 to the payment amount. 38. Enter a function in cell D12 based on the payment and loan details that calculates the amount of interest paid on the first payment. Be sure to use the appropriate absolute, relative, or mixed cell references. All results should be formatted as positive numbers. 39. Enter a function in cell E12 based on the payment and loan details that calculates the amount of principal paid on the first payment. Be sure to use the appropriate absolute, rela- tive, or mixed cell references and ensure the results are positive. 40. Enter a formula in cell F12 to calculate the remaining balance after the current payment. The remaining balance is calculated by subtracting the principal payment from the balance in column B. 41. Enter a function in cell G12 based on the payment and loan details that calculates the amount of cumulative interest paid on the first payment. Be sure to use the appropriate abso- lute, relative, or mixed cell references and ensure the results are positive. 42. Enter a function in cell H12 based on the payment and loan details that calculates the amount of cumulative principal paid on the first payment. Be sure to use the appropriate ab- solute, relative, or mixed cell references. All results should be formatted as positive numbers. 43. Enter a reference to the remaining balance of payment 1 in cell B13. 44. Use the fill handle to copy the functions created in the prior steps down to complete the amor- tization table. Expand the width of columns D:H as needed. 45. Save the workbook. orm, PowerPivot, and 3D Maps You want to create a PivotTable to analyze sales information. To complete this task, you will use Get & Transform to connect and transform the data. Then you will use 3D Maps to create a geo- graphic visualization of warehouse information. MAC TROUBLESHOOTING: The standard installation of Excel for Mac does include drivers for importing SQL databases but does not include drivers to import data from Access. To import data from Access, third-party ODBC drivers must be purchased and installed. The required drivers can be downloaded. For more information search ODBC drivers that are compatible with Excel for Mac on https://support.office.com.
C
D
E
1
2
A1
A
⠀ |× ✓ fx
B
3 Facility Amortization Table
Payment Details
4
5
6
Payment
7 APR
8 Years
9 Pmts per Year
Loan Details
$8,647.55
Loan
$450,000.00
5.75%
Periodic Rate
5
# of Payments
0.479%
60
12
LL
F
G
H
10
Payment
11
Number
Beginning
Balance
Payment
Amount
Principal
Interest Paid Repayment
Remaining
Balance
Cumulative
Interest
Cumulative
Principal
12
1
13
2
3
14
15
st
16
5
17
6
18
7
19
8
20
9
21
10
22
11
23
12
24
13
25
14
26
15
Employee_Info
New_Construction
+
Transcribed Image Text:C D E 1 2 A1 A ⠀ |× ✓ fx B 3 Facility Amortization Table Payment Details 4 5 6 Payment 7 APR 8 Years 9 Pmts per Year Loan Details $8,647.55 Loan $450,000.00 5.75% Periodic Rate 5 # of Payments 0.479% 60 12 LL F G H 10 Payment 11 Number Beginning Balance Payment Amount Principal Interest Paid Repayment Remaining Balance Cumulative Interest Cumulative Principal 12 1 13 2 3 14 15 st 16 5 17 6 18 7 19 8 20 9 21 10 22 11 23 12 24 13 25 14 26 15 Employee_Info New_Construction +
Expert Solution
steps

Step by step

Solved in 1 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education