Excel chapter 2 hands-on exercise – townsend mortgage company  exp22_excel_ch02_

Published by

Nov 10, 2022

s

Struggling with a similar assignment? Don’t know where to start? Don’t have time to work on this? Get a high-quality paper written for you from scratch – PLAGIARISM FREE, guaranteed to get you a good grade. To get started, please click on the Submit Your Instructions at the bottom of the page.

Excel Chapter 2 Hands-On Exercise – Townsend Mortgage Company 
Exp22_Excel_Ch02_HOE – Townsend Mortgage Company
Exp22 Excel Ch02 HOE – Townsend Mortgage Company
  
Project Description:
You are an assistant to Yui Matheson, a mortgage broker at the Townsend Mortgage Company. Yui spends days reviewing mortgage rates and trends, meeting with clients, and preparing paperwork. Yui relies on your expertise in using Excel to help analyze mortgage data. Today, Yui provided you with sample mortgage data: loan number, house cost, down payment, mortgage rate, and the length of the loan in years. She asked you to perform some basic calculations so that the output provided by her system can be checked to verify that it is calculating results correctly. You have also been tasked with calculating the amount financed, the periodic interest rate, the total number of payment periods, the percentage of the house cost financed, and the payoff year for each loan. In addition, you will calculate totals, averages, and other basic statistics. Furthermore, Yui asked you to complete another worksheet that uses functions to look up interest rates from a separate table, calculate the monthly payments, and determine how much (if any) the borrower will have to pay for private mortgage insurance (PMI).
     
Start Excel. Download and open   the file named Exp22_Excel_Ch02_HOE_Loans.xlsx.   Grader has automatically added your last name to the beginning of the   filename.
 
You would like to create a   formula to calculate the amount financed for each loan.  
  Enter a formula in cell D8 to calculate the amount financed for the first   mortgage. Once completed, copy the formula down completing column D.
 
 
You would like to create a   formula to calculate the monthly interest rate per period for each loan.
 
  Enter in formula in cell F8 to calculate the monthly interest rate for the   first loan. Add the appropriate absolute cell reference for cell B5 and then   use the fill handle to copy the formula down completing column F.
 
You would like to calculate the   total number of payment periods for each loan. To complete the task, you will   use a mixed cell reference as an alternative to an absolute cell reference.
 
  Enter a formula in cell H8 to calculate the total number of payment periods   per loan. Use an appropriate mixed cell reference for cell B5 and then use   the fill handle to copy the formula down completing column H.
 
You would like to calculate the   total value of the homes being financed.
 
  Use AutoSum in cell B16 to calculate the total value of all homes sold.
 
You would like to calculate the   average value of all homes being purchased.  
  Use AutoSum in cell B17 to calculate the average value of all homes being   purchased.
 
You would like to calculate the   median value of all homes being purchased.  
  Enter a function in cell B18 to calculate the median value of all homes being   financed.
 
You would like to display the   cost of the least expensive home.  
  Enter a function in cell B19 to display the value of the least expensive home   financed.
 
You would like to display the   value of the most expensive home financed.
 
  Enter a function in cell B20 to display the most expensive home financed.
 
You would like to determine the   total number of homes financed.  
  Enter a function in cell B21 to count the total number of homes being   financed based on the values column B.
 
To complete your calculations   you will use the fill handle to copy the previously created functions.
 
  Use the fill handle to copy the functions in the range B16:B21 through the   range C16:D21.
 
You would like to test the   functions you created by editing one of the values in the worksheet.
 
  Edit the value in cell B9 to 425000. Note the results of the formulas are now updated.
 
It is a good practice to insert   the date in a worksheet containing financial information. You will use the   TODAY function to insert the current date in cell B4.
 
  Use the TODAY function to insert the current date in cell B4.
 
You would like to use a lookup   function on the Payment Info worksheet to determine the annual percentage   rate (APR) of homes financed based on the lookup table in the range D4:E6.
 
  Use the XLOOKUP function in cell G9 to determine the APR based on the years   financed in cell F9, lookup array in the range D4:D6, and return array in the   range E4:E6. Be sure to use the appropriate absolute cell referencing. Then   use the fill handle to copy the function down completing column G. 
 
Next you will calculate the   total payment for each mortgage financed.  
  Use the PMT function in cell H9 to calculate the monthly payment based on the   APR in cell G9, years financed in cell F9, and amount financed in cell D9.   Ensure the final value is positive. Use the appropriate absolute cell   references and then copy the function down completing the column. 
 
For your last step you will   determine the monthly personal mortgage insurance (PMI) if applicable. Since   not all mortgages require PMI, you will use the IF function.  
  Enter an IF function in cell I9 to determine the monthly PMI if applicable.   The mortgage requires PMI if the percent of down payment is less than 20%   (cell B7). If the mortgage requires PMI it is .38% of the amount financed. Be   sure to use the appropriate absolute cell references for the input values and   then use the fill handle to copy the function down completing the column.
 
Save and close Exp22_Excel_Ch02_HOE_Loans.xlsx. Exit   Excel. Submit the file as directed.

n

Need Writing Help? Our writing specialists are here 24/7, every day of the year, ready to support you! Instantly chat with an online tutor below or click here to submit your paper instructions to the writing team.

More than just an assignment.

GET THE GRADES YOU DESERVE | A OR A- GUARANTEED
NO MORE SLEEPLESS NIGHTS DOING RESEARCH
NO MORE LATE POINTS DEDUCTIONS 
GET A QUALITY PAPER SENT TO YOUR EMAIL
GET GOOD GRADES ON YOUR ASSIGNMENTS
Explore Now →

Who is this homework service for?

* If you are having a really hard class and want to get through it, then this is for you.

* If you have a medical emergency or someone close to you has a medical emergency and you don’t think you’ll be able to turn your assignment on time, this is definitely a service you could use.

* You can use us if you are having a tough Professor who won’t give you the grades you deserve.

* If you have a tight work schedule and you are getting points deducted for not submitting assignments on time.

* English might not be your first language and you feel like you are being left behind in class because of it.

* If you have a large project coming up and don’t think you have enough time to get it done well, definitely reach out to us.

TALK TO SUPPORT
{

Super stoked you are checking us out! We would like to help you with your assignment. We just need a few things from you:

* The full assignment instructions as they appear on your school account.

* If a Rubric is present, make sure to attach it.

* Any relevant weekly readings or learning resources.

* Include any special announcements or emails you might have gotten from your Professor regarding your assignment.

* Any templates or additional files required to complete the assignment.

If your assignment is somewhat complex and you need to explain it, please don’t hesitate to reach out to me via live chat. 

 

FAQ

Frequently asked questions

How soon can I get my paper done?

It depends with your deadline. If you need your paper completed in 3 hours, we will deliver it in that time. All you need to do is indicate your deadline in our custom order page here. Alternatively, if you are sending us your instructions via email, please be sure to indicate your deadline.

Will it be completely original? I don't want to be caught in a case of Academic Integrity Violation.

We are as paranoid as you are. Maybe even more! And we understand that the greatest sin you can commit in your academic journey is plagiarizing your academic work. To that end, we have made sure that we check and double-check our papers using high quality plagiarism detection tools such as SafeAssign and Turnitin before submitting the paper to you.

Who is my writer? Is he/she a native English Speaker?

All our writers are native English Speakers. That is not to say that ESL writers are not good, we just prefer hiring native writers because we want the very best people working on your paper. This might mean paying a little bit more for your paper as opposed to when you pay a foreign company whose writers are non-native English Speakers.

What if I need revisions? Will your charge additional for this?

Of course not! If you do happen to require a revision on your paper, our team will handle it for you free of charge. Matter of fact, we won’t rest till you are happy with your paper. So, ask for as many revisions as you need, it’s completely FREE!

Will you give me my money back if I don't like my paper?

We have very few instances where we delivered a paper that a client didn’t fall in love with. But if it so happens that you don’t like your paper for any reason whatsoever, we’ll refund your money back no questions asked.

I have more assignments after this, can you help me with those too?

Of course! And what’s even better is that we can reserve a writer permanently to work on your entire class. This comes in handy for projects which build up on each other and where you need just one writer, one writing style.

I got my order information wrong, can I change that?

Yes you can. Just reach out to our support team via email (support@essaynook.com) or live chat here and they’ll help you change the instructions.

Can I place an order via email instead of going through the order page?

Yes you can. Email Anna at anna@essaynook.com, she’s in charge of our sales team. Alternatively, you can talk to our Live Chat team here and request to speak to Anna.

Trusted by Thousands of Students

Delivering quality assignments since 2007

%d bloggers like this: