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Homework answers / question archive / New Perspectives Excel 2013 Tutorial 9: SAM Project 1a Kush Patel 1

New Perspectives Excel 2013 Tutorial 9: SAM Project 1a

Kush Patel

1.

Go to the Loan Analysis worksheet. In cell D12, use the PMT function to calculate the

monthly payment for a loan using the inputs listed under the Add 1 Location loan scenario in

cells D5, D7, and D9 (Hint: The result will be displayed as a negative number to reflect the

negative cash flow of a loan payment).

2.

In cell E7, enter a formula using the RATE function to calculate the monthly interest rate for

a loan using the inputs listed under the Add 2 Locations loan scenario in cells E9, E12, and

E5 (Hint: Assume the present value of the loan is the loan amount shown in cell E5).

3.

In cell F5, enter a formula using the PV function to calculate the loan amount using the

inputs listed under the Add 3 Locations loan scenario in cells F7, F9, and F12.

4.

In cell G9, enter a formula using the NPER function to calculate how many months it would

take to pay back a $1 million loan using inputs listed under the Expansion + BuyOut loan

scenario in cells G7, G12, and G5.

5.

Go to the Amortization worksheet. In cell C17, enter a formula using the CUMIPMT function

to calculate the cumulative interest paid on the loan after the first year (payments 1

through 12) when the payments are made at the start of the period (Hint: Use 0 as the type

argument in your formula). Use absolute references for the RATE, NPER, and PV arguments

and relative references for the Start and End arguments. Copy the formula from cell C17 to

the range D17:G17.

6.

In cell H17, use the Error Checking command to identify the error in the cell, then correct

the error (Hint: The formula in the cell should calculate the total the values in C17:G17

using the SUM function).

7. In cell C18, enter a formula using the CUMPRINC function to calculate the cumulative

principal paid in the first year (payments 1 through 12) when the payments are made at the

start of the period (Hint: Use 0 as the type argument in your formula). Use absolute

references for the RATE, NPER, and PV arguments and relative references for the Start and

End arguments. Copy the formula from cell C18 to the range D18:G18.

8.

In cell E23, enter a formula that uses the PPMT function to determine the amount of loan

payment number 1 devoted to the principal. Use absolute references for the RATE, NPER,

and PV arguments and use cell A23 as the period argument (Hint: Remember that the period

used in the formula is based on a monthly payment schedule). Copy the formula from cell

E23 to range E24:E82.

9.

In cell F23, enter a formula that uses the IPMT function to determine the amount of loan

payment number 1 devoted to the principal. Use absolute references for the RATE, NPER,

and PV arguments and use cell A23 as the period argument (Hint: Remember that the period

used in the formula is based on a monthly payment schedule). Copy the formula from cell

F23 to range F24:F82.

10.

Go to the Depreciation worksheet. In cell C12, enter a formula that uses the SLN function to

calculate the straight-line depreciation for the new vehicle fleet during the first year of

service, with the value in cell D6 representing the expected life of the vehicle fleet. Use

absolute references for the cost, salvage, and life arguments in the SLN formula. Copy the

formula, without cell formatting, from cell C12 to the range D12:I12.

11.

In cell C20, enter a formula that uses the DB function to calculate the declining balance

depreciation for the new vehicle fleet during the first year of service, with the value in cell

D6 representing the expected life of the vehicle fleet and the value in cell C19 as the current

period. Use absolute references for the cost, salvage and life arguments in the DB formula

and a relative reference for the period argument. Copy the formula from cell C20 to the

range D20:I20.

12.

Determine the error in cell D21 by using the Trace Precedent and Trace Dependent arrows.

The formula in cell D21 should calculate the cumulative depreciation of the vehicle fleet by

adding the Cumulative Depreciation value in year 1 to the Yearly Depreciation value in year

2. Correct the error in cell D21, copy the corrected formula in cell D21 to the range E21:I21,

and then remove any arrows from the worksheet.

13.

Go to the Income Statement worksheet. Project the revenues associated with the Classroom

fees category for 2018-2020 (cells D5:F5) using a Growth Trend interpolation (Hint:

Remember to select the range C5:G5 before filling this series with values).

14. Project the revenues associated with the Other category for 2018-2020 (cells D7:F7) using a

Linear Trend interpolation (Hint: Remember to select the range C7:G7 before filling this

series with values).

15.

Project the expenses associated with the Payroll category for 2018-2021 (cells D11:G11)

using a Growth trend extrapolation, using a step value of 1.07. (Hint: Remember that, when

extrapolating values, the trend button in the Series Dialog Box should not be checked). Do

not set a stop value for the series (Hint: Remember to select the range C11:G11 before

filling this series with values).

16. Go to the Rate of Return worksheet and complete the following actions.

a. In cell E15, enter a formula that uses the NPV function to calculate the Present Value of

the Add 1 Location investment, using the value in cell E14 as the desired rate of return and

the range D7:D12 as the return paid to investors (Hint: If it appears, ignore the Formula

Omits Adjacent Cell error warning).

b. In cell E16, enter a formula that calculates the Net Present Value by adding the Present

Value of the Add 1 Location investment (calculated in cell E15) to the value of the initial

investment (in cell D6).

17.

In cell E17, enter a formula that uses the IRR function to calculate the internal rate of return

of the Add 1 Location investment, using the range D6:D12 as the returns paid to the

investors.

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