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Functions Exercise: Place Your Answer in The Blue Cells. Use Cell References Where Possible

The document provides examples of using functions in Excel to perform calculations on numerical data. It includes examples of adding, multiplying, dividing, subtracting numbers. It also shows functions to find the average, minimum, maximum, square root, and loan payment amounts given interest rates and terms. The document contains examples of calculating loan payments, interest paid, and total amounts paid over the term for different loan scenarios.

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vissusamurai
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44 views

Functions Exercise: Place Your Answer in The Blue Cells. Use Cell References Where Possible

The document provides examples of using functions in Excel to perform calculations on numerical data. It includes examples of adding, multiplying, dividing, subtracting numbers. It also shows functions to find the average, minimum, maximum, square root, and loan payment amounts given interest rates and terms. The document contains examples of calculating loan payments, interest paid, and total amounts paid over the term for different loan scenarios.

Uploaded by

vissusamurai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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FUNCTIONS EXERCISE

Place your answer in the blue cells. Use cell


references where possible.

Add the following numbers together.


19 36 12 2 18

Multiple the following numbers together.


14 16

Divide A12 by C12


99 3

Subtract F9 by F6

Use the function to find the 3rd smallest number.


854158 846856 838498 879364 889542

Use the MIN function to find the smallest number.


854158 846856 838498 879364 889542

Use the function to find the 2nd largest number.


854158 846856 838498 879364 889542

Use the MIN function to find the smallest number.


854158 846856 838498 879364 889542

Find the average for the values below.


88 212 155 138 97

Find the square root of the value below.


8763

Find the payment amount for the loan below (put answer in F35).
Find only the interest paid in F36.
Find the grand total that will be paid at the end of the term in F37.
FV $ 300,000.00
Interest 3.75% This will be a formula
Term (years) 15 This will be a formula

Additional PMT exercises.


Loan amount (dollars) $ 100,000.00 Loan amount (dollars)
Interest rate (yearly) 6% Interest rate (yearly)
Repayment term(years) 10 Repayment term(months)
Payment amount (monthly) ($1,110.21) Payment amount (yearly)

Loan amount (dollars) $ 100,000.00 Loan amount (dollars)


Interest rate (monthly) 0.50% Interest rate (yearly)
Repayment term(years) 10 Repayment term(years)
Payment amount (monthly) Payment amount (yearly)

Loan amount (dollars) $ 100,000.00 Loan amount (dollars)


Interest rate (yearly) 6% Interest rate (yearly)
Repayment term(months) 144 Repayment term(years)
Payment amount (monthly) Payment amount (monthly)
Total amount paid in interest
Loan amount (dollars) $ 446,621.00
Interest rate (yearly) 5.50%
Repayment term(years) 25
Payment amount (monthly)
Total amount paid in interest
Total amount paid
$ 100,000.00
0.06
120

$ 100,000.00
6.25%
11

$ 100,000.00
0.0625
25

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