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Exp19_Excel_Ch02_ML2_SmartPhone

Project Description:
You have just graduated from college and before beginning your first professional job, you would like to purchase a new smartphone. You have the option to purchase the new phone in one payment or make monthly payments by taking advantage of a 36 month flex payment plan. The payment plan charges an APR of 1.75% for the service. Prior to making your payment decision, you would like to make a worksheet to calculate the monthly payment for consumer reports top three smartphones for young professionals.

Start Excel. Download and open the file named Exp19_Excel_Ch02_Assessment_SmartPhone.xlsx. Grader has automatically added your last name to the beginning of the filename.
Rename Sheet 1 FlexPay.
Hint: Double-click the sheet name tab to rename the worksheet.
Type Flex Pay Calculator in cell A1, and then merge and center the title on the first row in the range A1:C1. Apply bold, 20 pt font size, Blue, Accent 1, font color.
Merge and center the range A2:C2, type Inputs, and apply Thick Outside Borders. Note, Mac users, apply Thick Box Border.
Type APR and # of payments in the range A3:A4.
Type 1.75% in cell B3 and 36 in cell B4. Merge and center the range A6:C6, type Outputs, and apply Thick Outside Borders.

In cell B12, use the MAX function to calculate the highest flex payment, in cell B13, use the AVERAGE function to calculate the average flex payment, and in cell B14, use the MIN function to calculate the lowest flex payment.
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