Write an if function in cell d9   that calculates the down payment for the mortgage.

Published by

Nov 10, 2022


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.

Exp22_Excel_Ch02_ML2 – Vacation Property 1.1
Exp22 Excel Ch02 ML2 – Vacation Property 1.1
Excel Chapter 2 Mid-Level 2 – Vacation Property 
Project Description:
You have been hired as a finance manager at Granger vacation homes, a regional construction company that finances and builds vacation properties. As part of your responsibilities you manage mortgage applications. Your predecessor left a partially created document you will use to calculate various details about each property being financed. You will use the VLOOKUP function to help determine mortgage interest rates, IF statements to calculate down payment, various statistical calculations, and XLOOKUP to create a quick search within the document.
Start Excel. Download and open   the file named Exp22_Excel_Ch02_ML2_Vacation   Property.xlsx. Grader has automatically added your last name to the   beginning of the filename. 
Write an IF function in cell D9   that calculates the down payment for the mortgage. The down payment is 15% of   the purchase price if the customer is considered high risk or 5% of the   purchase price if considered low risk. The criteria to assess the risk of the   loan is based on the credit score value in cell B6. Be sure to use the appropriate   absolute or mixed cell references when referencing the input values in the   range B4:B6. Then use the fill handle to copy the formula down, stopping in   cell D28.
Enter a formula to calculate the   percent financed in cell E9. The percent financed is the amount   financed/purchase price. Next use the fill handle to copy the formula down,   stopping cell E28.
Enter a formula in cell F9 to   calculate the amount financed. The amount financed is the purchase price-down   payment. After entering the formula, use the fill handle to copy the formula   down, stopping in cell F28.
Use the VLOOKUP function in cell   G9 to lookup the mortgage rate based on the customer credit score and the   data in the range D4:E6. Be sure to use the appropriate absolute or mixed   cell references. Use the fill handle to copy the formula down, stopping in   cell G28.
Calculate the rate per period in   cell H9. All mortgages being financed will be paid monthly. After completing   the formula, use the fill handle to copy the formula down, stopping in cell   H28.
Calculate the total number of   payment periods in cell J9 based on the years financed in cell I9. After   completing the formula, use the fill handle to copy the formula down,   stopping in cell J28.
Use the PMT function to   calculate the total monthly payment in cell K10 based on the periodic   interest rate, number of periods, and amount financed. Ensure the results are   a positive value then use the fill handle to copy the function, down stopping   in cell K28.
Use Quick Analysis to calculate   the total of all payments in cell K29. (Quick Analysis is not available for   Mac. If using a Mac, use AutoSum to calculate the SUM of the range K9:K28).
Use the appropriate statistical   functions in the range B32:B36 to calculate descriptive statistics based on   the row headings in the range A32:B36. In cell B32, calculate the total count   of loans based on column A, lowest payment in cell B33 based on the data in   column K, highest payment in B34, average payment in B35, and median payment   in B36. 
Use the XLOOKUP function in cell   E32 to lookup the employee number in cell D32 and return the corresponding   down payment, % finances, and amount financed. 
Use the appropriate function to   insert the current date and time in cell B2.
Save and close the workbook.   Submit the file as directed.


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.

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.


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. 



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: