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Exp22_Excel_Ch02_HOE - Townsend_Mortgage_Company_xlsx | @MasterofMylab786


#Exp22_Excel_Ch02_HOE - Townsend_Mortgage_Company_xlsx
#Excel_Ch02_HOE - Townsend_Mortgage_Company_xlsx#Ch02_HOE - Townsend_Mortgage_Company_xlsx#Excel_Ch02_HOE - Townsend_Mortgage_Company#Excel_Ch02_HOE - Townsend_Mortgage
#Excel_Ch02_HOE#Townsend_Mortgage_Company_xlsx
#Ch02_Townsend_Mortgage_Company_xlsx#Exp22_Excel_Ch02_HOE - Townsend_Mortgage_Mylab_excel


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#Exp22_Excel_Ch02_HOE - Townsend_Mortgage_Company_xlsx
#Excel_Ch02_HOE - Townsend_Mortgage_Company_xlsx#Ch02_HOE - Townsend_Mortgage_Company_xlsx#Excel_Ch02_HOE - Townsend_Mortgage_Company#Excel_Ch02_HOE - Townsend_Mortgage
#Excel_Ch02_HOE#Townsend_Mortgage_Company_xlsx
#Ch02_Townsend_Mortgage_Company_xlsx#Exp22_Excel_Ch02_HOE - Townsend_Mortgage_Mylab_excel


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

1 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.
2 You would like to create a formula to calculate the amount financed for each loan.


‪@MasterofMylab786‬
‪@MasterofMylab786‬
‪@MasterofMylab786‬

Enter a formula in cell D8 to calculate the amount financed for the first mortgage. Once completed, copy the formula down completing column D.

3 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.
4 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.
5 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.
6 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 purchase

‪@MasterofMylab786‬
‪@MasterofMylab786‬
‪@MasterofMylab786‬

Enter a function in cell B18 to calculate the median value of all homes being financed.
8 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.
9 You would like to display the value of the most expensive home financed.