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Assignment Excel

The document discusses loan calculations for a Php 50,000 loan taken at 9% annual interest for 12 months. It includes: 1) A formula to calculate the interest payment for the first month using IPMT. 2) Instructions to complete a table with appropriate Excel functions like IPMT to calculate monthly loan values. 3) A question asking for the Excel formula to determine how many months the interest payment is greater than Php 200. 4) A question asking for the Excel formula to calculate the transmuted interest payment for each month.

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kristoffer
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119 views5 pages

Assignment Excel

The document discusses loan calculations for a Php 50,000 loan taken at 9% annual interest for 12 months. It includes: 1) A formula to calculate the interest payment for the first month using IPMT. 2) Instructions to complete a table with appropriate Excel functions like IPMT to calculate monthly loan values. 3) A question asking for the Excel formula to determine how many months the interest payment is greater than Php 200. 4) A question asking for the Excel formula to calculate the transmuted interest payment for each month.

Uploaded by

kristoffer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Name: _________ Date: ________

A. Suppose a person takes loan for Php 50, 000


from a bank at the interest rate of 9% per annum
and he agrees to pay off the loan in one year (12
months). The formula used for the Interest
payment on the first month is already given as:
=ABS(IPMT($B$3/12,A7, $b$2,$B$1)). This formula
made use of ABS to get the value of the
Complete the table below using the
appropriate Excel Functions. Write the
formula you can use on the space
provided.
Formula in cell:
1. B4 : ________________
2.C7 : ________________
3. D7 : ________________
4. F7 : ________________
5. B8 : ________________
B. How many moths does the person
pay an interest greater than Php
200.00? Give the Excell formula.

_____________________________________
_____________________________________
_____________________________________
C. Suppose that there is a transmutation for
interest payment as shown below. What will
be the transmuted interest payment for
each month?
Give the Excel formula.

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