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Assignment 2 - Spring 2025

The document outlines the instructions for Assignment #2, which includes tasks from Chapters 4, 5, and 6 of an Excel course, as well as creating a personal budget and performing loan calculations. Each chapter contains specific Excel tasks such as formatting cells, applying styles, filtering data, and using financial functions. The assignment is due on February 16th, 2025, and requires the submission of multiple Excel workbooks named according to the tasks completed.

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chloesiegel
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© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
21 views

Assignment 2 - Spring 2025

The document outlines the instructions for Assignment #2, which includes tasks from Chapters 4, 5, and 6 of an Excel course, as well as creating a personal budget and performing loan calculations. Each chapter contains specific Excel tasks such as formatting cells, applying styles, filtering data, and using financial functions. The assignment is due on February 16th, 2025, and requires the submission of multiple Excel workbooks named according to the tasks completed.

Uploaded by

chloesiegel
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Assignment #2

Due date: February 16th, 2025 by 11:59pm


Instructions:
1. Chapter 4:
a. Open the FormatCells workbook in Excel from the Chapter 4 downloads, and then perform
the following tasks:
i. Change the formatting of cell B4 so the text it contains is displayed in 16 point, bold
type.
ii. Center the text in cell B4.
iii. Change the background fill color of cell B4 to your favorite color.
iv. Draw a border around the cell range B4:C13.
v. Save your Excel workbook as “FormatCells_yourlastname.”
b. Open the ApplyStyles workbook in Excel, and the perform the following tasks:
i. Display the MilesLastWeek worksheet and apply an existing cell style (under “Home
> Styles”) to the values in cells B4:B14 and cells C4:H4.
ii. On the Summary worksheet, create an Excel table from the list of data in the cell
range A1:B10.
iii. Use the Design tab to change the color and style of your table to a style and color of
your choice (not the default style and color).
iv. Save your Excel workbook as “ApplyStyles_yourlastname.”
c. Open the CreateConditionalFormats workbook in Excel, and then perform the following
tasks:
i. Apply a conditional format to cell C15 that displays the cell’s contents with a red
background if the value the cell contains is less than 90 percent.
ii. Apply a data bar conditional format to cells C4:C12.
iii. Apply a color scale conditional format to cells I4:I12.
iv. Save your Excel workbook as “CreateConditionalFormats_yourlastname.”

2. Chapter 5:
a. Open the LimitData workbook in Excel from the Chapter 5 downloads, and then perform the
following tasks:
i. Create a filter that displays only those package exceptions for the Northeast and
Northwest centers.
ii. With the previous filter still in place, create a filter that displays only those
exceptions that occurred before April 1, 2019.
iii. Save your Excel workbook as “LimitData_yourlastname.”
b. Open the SummarizeValues workbook in Excel, and then perform the following tasks:
i. Use the AutoCalculate function to find the SUM, AVERAGE and COUNT of cells
G12:G16. Enter these values into cells L3:L5.
ii. Create a filter for all of the data in the worksheet, but which only displays the data
for costs between $15 and $18.
iii. In cell G29, use the AGGREGATE function to calculate the average of only the
unhidden cost values in cells G3:G27.
iv. Save your Excel workbook as “SummarizeValues_yourlastname.”

3. Chapter 6:
a. Open the SortData workbook in Excel from the Chapter 6 text downloads, and then perform
the following tasks:
i. Sort the data in the list in ascending order (smallest to largest) based on the values
in the Revenue column.
ii. Sort the data in the list in descending order based on the values in the Revenue
column.
iii. Sort the data in the list in ascending order (A to Z) based on a two-level sort where
the first sorting level is the Customer column and the second is the Season column.
iv. Save your Excel workbook as “SortData_yourlastname.”

4. Creating a Personal Budget:


a. After viewing the video Lecture 10 – Creating a Budget in Excel, following the same steps to
create your own budget. (Note: You do not have to use real-world values from your personal
life if you do not want to. Feel free to make up any values you like.). Be sure to include the
following in your budget:
i. A title with borders underneath.
ii. At least one source of income (e.g., job, student loans, parental support)
iii. At least five expenses (e.g., rent, food, utilities)
iv. Total income and total expenses.
v. Net income (total monthly income minus total monthly expenses)
vi. Borders separating your income, expenses and net income.
vii. Color highlighting of at least the cells for total income, total expenses and net
income.
b. Hint: This task should be relatively easy if you build your budget while following the steps in
Lecture 10. However, please don’t simply copy the same text and values.
c. Save your Excel workbook as “PersonalBudget_yourlastname.”

5. Finance Basics: Loan Calculations


a. After viewing the video Lecture 16 – Finance Basics: Loans, consider a loan with the
following properties:
i. Annual interest rate: 5.75%
ii. Total number of monthly payments: 72
iii. Present value of loan: $18,000
iv. Future value / Balloon payment: $0
v. Payment occurs at the end of the period / month.
b. Perform the following operations in Excel:
i. Enter the above information into your Excel workbook.
ii. As in Lecture 16, enter bolded text in separate cells for the following categories:
1. Monthly payment
2. Monthly principal
3. Monthly interest
4. Total principal
5. Total interest
iii. In the cell to the right of each of the above cells, perform the following calculations:
1. Calculate the monthly payment using Excel’s “PMT” function.
2. Calculate the monthly principal paid for the 36th month using Excel’s
“PPMT” function.
3. Calculate the monthly interest paid for the 36th month using Excel’s “IPMT”
function.
4. Calculate the total principal paid for the first 12 months using Excel’s
“CUMPRINC” function.
5. Calculate the total interest paid over the entire life of the loan (i.e., 72
months) using Excel’s “CUMIPMT” function.
iv. Save your Excel workbook as “LoanFinance_yourlastname.”

*When finished, upload all of your Excel workbooks to the Assignment 2 page in Canvas.

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