InstructionsInstructions:Week 5 Individual AssignmentTotal Number of Questions - 12Total Points: 61. You have twelve problems - on each tab of this Excel file.2. Please show your work in the cells. Use Excel formulas instead of writing the values/answers directly in the cell. The instructor will then know where you made a mistake and provide you valuable feedback and partial credit (if appropriate). Question 1 Find the interest paid on a loan of $1,200 for three years at a simple interest rate of 5% per year.How much money will you pay after three years?PrincipalRateTimeSimple Interest (SI)Maturity Value Question 2 Find the maturity value of a loan of $1,750 for 28 months at 9.8% simple interest per year.PrincipalRateTime-- Please make sure that the time periods for Time and Rate match.Simple Interest (SI)Maturity Value Question 3 Find the simple interest rate of a loan of $5,000 that is made for three years and requires $1,762.50 in interest. PrincipalTimeSIRate Question 4 A loan of $16,840 is borrowed at 9% simple interest and is repaid with $4,167.90 interest. What is the duration of the loan?PrincipalRateSITime Question 5 How much money is borrowed if the interest rate is 9.25% simple interest and the loan is made for 3.5 years and has $904.88 interest? SIRateTimePrincipal Question 6 Find the ordinary and exact interest for a loan of $1000 at a 5% annual interest rate. The loan was made on March 15 and is due May 15.Loan dateLoan dateLoan Due DateLoan Due DateExact timedaysExact timedaysPrincipalPrincipalRateRateTimeTime Ordinary Simple Interest (SI) Exact Simple Interest (SI) Question 7 Find the bank discount and proceeds using ordinary interest for a loan to Michelle Anders for $7,200at 8.25% annual simple interest from August 8 to November 8.Loan dateLoan Due DateExact timedaysFace Value (F)Discount Rate (D)Time Period (T)years --> 'Convert Exact time in days to yearsBank Discount (B)Proceeds (P) Question 8 What is the effective interest rate of a simple discount note for $8,000, at an ordinary bank discount rate of 11%, for 120 days? Face Value (F)Discount Rate (D)Time Period (T)years --> 'Convert Exact time in days to yearsBank Discount (B)Proceeds (P)Rate Question 9 SOLVED EXAMPLEWhat is the effective interest rate for the first year for a loan of $20,000 for three years if the interest is compounded quarterly at a rate of 12%? Quoted Rate12.00%quarterlyNo. of compounding periods per year4For Quarterly, type 4; for semiannually, type 2; for annually, type 1; for monthly, type 12; for daily, type 365EAR12.55%1. Ross Land has a loan of $8,500 compounded quarterly for four years at 6%. What is the effective interest rate for the first year for the loan? Quoted RateNo. of compounding periods per yearFor Quarterly, type 4; for semiannually, type 2; for annually, type 1; for monthly, type 12; for daily, type 365EAR2. Find the effective interest rate for the first year for a loan for four years compounded semiannually at an annual rate of ...

1. InstructionsInstructions:Week 5 Individual AssignmentTotal
Number of Questions - 12Total Points: 61. You have twelve
problems - on each tab of this Excel file.2. Please show your
work in the cells. Use Excel formulas instead of writing the
values/answers directly in the cell. The instructor will then
know where you made a mistake and provide you valuable
feedback and partial credit (if appropriate).
Question 1 Find the interest paid on a loan of $1,200 for three
years at a simple interest rate of 5% per year.How much money
will you pay after three years?PrincipalRateTimeSimple Interest
(SI)Maturity Value
Question 2 Find the maturity value of a loan of $1,750 for 28
months at 9.8% simple interest per year.PrincipalRateTime--
Please make sure that the time periods for Time and Rate
match.Simple Interest (SI)Maturity Value
Question 3 Find the simple interest rate of a loan of $5,000 that
is made for three years and requires $1,762.50 in interest.
PrincipalTimeSIRate
Question 4 A loan of $16,840 is borrowed at 9% simple interest
and is repaid with $4,167.90 interest. What is the duration of
the loan?PrincipalRateSITime
Question 5 How much money is borrowed if the interest rate is
9.25% simple interest and the loan is made for 3.5 years and has
$904.88 interest? SIRateTimePrincipal
Question 6 Find the ordinary and exact interest for a loan of
$1000 at a 5% annual interest rate. The loan was made on
March 15 and is due May 15.Loan dateLoan dateLoan Due
DateLoan Due DateExact timedaysExact
timedaysPrincipalPrincipalRateRateTimeTime Ordinary Simple
Interest (SI) Exact Simple Interest (SI)
Question 7 Find the bank discount and proceeds using ordinary
interest for a loan to Michelle Anders for $7,200at 8.25%
annual simple interest from August 8 to November 8.Loan
dateLoan Due DateExact timedaysFace Value (F)Discount Rate

2. (D)Time Period (T)years --> 'Convert Exact time in days to
yearsBank Discount (B)Proceeds (P)
Question 8 What is the effective interest rate of a simple
discount note for $8,000, at an ordinary bank discount rate of
11%, for 120 days? Face Value (F)Discount Rate (D)Time
Period (T)years --> 'Convert Exact time in days to yearsBank
Discount (B)Proceeds (P)Rate
Question 9 SOLVED EXAMPLEWhat is the effective interest
rate for the first year for a loan of $20,000 for three years if the
interest is compounded quarterly at a rate of 12%? Quoted
Rate12.00%quarterlyNo. of compounding periods per year4For
Quarterly, type 4; for semiannually, type 2; for annually, type
1; for monthly, type 12; for daily, type 365EAR12.55%1. Ross
Land has a loan of $8,500 compounded quarterly for four years
at 6%. What is the effective interest rate for the first year for
the loan? Quoted RateNo. of compounding periods per yearFor
Quarterly, type 4; for semiannually, type 2; for annually, type
1; for monthly, type 12; for daily, type 365EAR2. Find the
effective interest rate for the first year for a loan for four years
compounded semiannually at an annual rate of 2%Quoted
RateNo. of compounding periods per yearFor Quarterly, type 4;
for semiannually, type 2; for annually, type 1; for monthly, type
12; for daily, type 365EAR3. What is the effective interest rate
for the first year for a loan of $5,000 at 10% compounded daily
for three years?Quoted RateNo. of compounding periods per
yearFor Quarterly, type 4; for semiannually, type 2; for
annually, type 1; for monthly, type 12; for daily, type
365EAR4. Depending on the issuer, a typical credit card
agreement quotes an interest rate of 18 percent APR. Monthly
payments are required. What is the actual interest rate you pay
on such a credit card?Quoted RateNo. of compounding periods
per yearFor Quarterly, type 4; for semiannually, type 2; for
annually, type 1; for monthly, type 12; for daily, type
365EAR=EFFECT(B30, B31)5. Find the effective interest rate
for a loan of $3,500 at 10% interest compounded quarterly.
Quoted RateNo. of compounding periods per yearFor Quarterly,

3. type 4; for semiannually, type 2; for annually, type 1; for
monthly, type 12; for daily, type 365EAR=EFFECT(B36, B37)
Question 10 SOLVED EXAMPLETim Bowling has $20,000
invested for three years at a 5.25% annual rate compounded
daily. How much interest will he earn? Initial Investment
(PV)$20,000Quoted Rate5.25%Compounding
FrequencyDailyChoose oneNumber of compoundings (m)365For
Quarterly, type 4; for semiannually, type 2; for annually, type
1; for monthly, type 12; for daily, type 365Quoted Rate divided
by m = RATE0.0144%Number of Years 3NPER (Num. of years
* m)1095Ending Amount (FV)$23,411.35Compound
Interest$3,411.35ExerciseFind the future value of a $15,000
money market investment at 2.8% annual interest compounded
daily for three years. Initial Investment (PV)Quoted
RateCompounding FrequencyNumber of compoundings
(m)Quoted Rate divided by m = RATENumber of Years NPER
(Num. of years * m)Ending Amount (FV)Compound Interest
Question 11 SOLVED EXAMPLEThe Holiday Boutique would
like to put away some of the holiday profits to save for a
planned expansion. A total of $8,000 is needed in three years.
How much money in a 5.2% three-year certificate of deposit
that is compounded monthly must be invested now to have the
$8,000 in three years? Future Value Needed (FV)$8,000Quoted
Rate5.2%Compounding FrequencyMonthlyChoose oneNumber
of compoundings (m)12For Quarterly, type 4; for semiannually,
type 2; for annually, type 1; for monthly, type 12; for daily,
type 365Quoted Rate divided by m = RATE0.4333%Number of
Years 3NPER (Num. of years * m)36Amount Invested Now
(PV)$6,846.78ExerciseHow much should be invested now to
have $15,000 in six years if interest is 4% compounded
quarterly?Future Value Needed (FV)Quoted RateCompounding
FrequencyNumber of compoundings (m)Quoted Rate divided by
m = RATENumber of Years NPER (Num. of years * m)Amount
Invested Now (PV)
Question 12 Jamie Juarez needs $12,000 in 10 years for her
daughter’s college education. How much must be invested today

4. at 2% annual interest compounded semiannually to have the
needed funds? Future Value Needed (FV)Quoted
RateCompounding FrequencyChoose oneNumber of
compoundings (m)For Quarterly, type 4; for semiannually, type
2; for annually, type 1; for monthly, type 12; for daily, type
365Quoted Rate divided by m = RATENumber of Years NPER
(Num. of years * m)Amount Invested Now (PV)A loan of
$8,000 for two acres of woodland is compounded quarterly at an
annual rate of 6% for five years. Find the compound amount and
the compound interest.Initial Investment (PV)Quoted
RateCompounding FrequencyChoose oneNumber of
compoundings (m)For Quarterly, type 4; for semiannually, type
2; for annually, type 1; for monthly, type 12; for daily, type
365Quoted Rate divided by m = RATENumber of Years NPER
(Num. of years * m)Ending Amount (FV)Compound Interest
InstructionsInstructions:Week 3 Individual AssignmentTotal
Number of Questions - 121. You have twelve problems - one on
each tab of this Excel file.2. Please show your work in the cells.
Use Excel formulas instead of writing the values/answers
directly in the cell. The instructor will then know where you
made a mistake and provide you valuable feedback and partial
credit (if appropriate).
Question 1 Fifty business students were given a project to
complete. The bar graph below shows the number of days it
took the students to complete the assignment.1. How many
students took 4 days to complete the assignment? 2. How many
students completed the project in 3 days or less? 3. What
percent of students completed the project in 3 days or less?State
the answer as a percentage with one digit after decimal.
Question 2 The bar graph below shows the Quarterly Dollar
Volume of Batesville Tire Company.Refer to the bar graph
below and answer the questions.1. Which quarter had the
highest dollar volume? 2. What percent of the yearly sales were
the sales for October–December? State the answer as a
percentage with one digit after decimal.3. What was the percent

5. of increase in sales from the first to the second quarter?State the
answer as a percentage with one digit after decimal.
Question 3The line chart below shows data for Automobile
Gasoline Mileage Comparisons for full-size and compact
cars.Refer to the chart and answer the questions.1. What speed
gave the highest gasoline mileage for both types of
automobiles? 2. What speed gave the lowest gasoline mileage
for both types of automobiles?3. At what speed did the first
noticeable decrease in gasoline mileage occur? Which car
showed this decrease? Choose one
Question 4 The line chart below shows Dale Crosby's Salary
History.Refer to this chart and answer the questions.1. Calculate
the amount and percent of increase in Dale’s salary from 2014
to 2015. Amount of increasePercentage of increaseState the
answer as a percentage with one digit after decimal.2. What is
the percent of increase in Dale’s salary from 2012 to
2013?Percentage of increaseState the answer as a percentage
with one digit after decimal.3. Calculate the amount and percent
of increase in Dale’s salary from 2016 to 2017.Amount of
increasePercentage of increaseState the answer as a percentage
with one digit after decimal.4. If the cost-of-living increase was
10% from 2011 to 2016, determine if Dale’ssalary for this
period of time kept pace with inflation. Hint: For part 4, follow
the steps below:Step 1: Find the amount of salary increase from
2011 to 2016.Step 2: Find the percentage increase from 2011 to
2016.Step 3: If the percentage increase from Step 2 is greater
than 10% cost-of-living increase, then Dale's salary kept pace
with inflation, otherwise no.Step 1: Amount of salary increase
from 2011 to 2016Step 2: Percentage increase from 2011 to
2016State the answer as a percentage with no decimal.Step 3:
Did the salary keep pace with inflation? (Choose one)
Question 5 The pie chart below shows the family budget. Refer
to the chart and answer the following questions.1. What is the
total take-home pay?2. What percent of the total take-home pay
is allocated for transportation?State the answer as a percentage
with one digit after decimal.3. What percent of the take-home

6. pay is allocated for food?State the answer as a percentage with
one digit after decimal.4. What percent of take-home pay is
spent for education? State the answer as a percentage with one
digit after decimal.5. What percent of take-home pay is spent
for education when education, savings, and miscellaneous funds
are combined to be used for education? Total of education,
savings, and miscellaneous fundsPercentage of take-home pay
spent on this combined totalState the answer as a percentage
with one digit after decimal.
Question 6 The bar chart shows the distribution of tax dollars.
Refer to the chart and answer the following questions.1. What
expenditure is expected to be the same next year as this year?2.
What two expenditures are expected to increase next year? 3.
What two expenditures are expected to decrease next year? 4.
What expenditure was greatest both years?
Question 7 The Canmark Research Center Airport Customer
Satisfaction Survey uses an online questionnaire to provide
airlines and airports with customer satisfaction ratings for all
aspects of the customers’ flight experience (airportsurvey
website, July 2012). After completing a flight, customers
receive an e-mail asking them to go to the website and rate a
variety of factors, including the reservation process, the check-
in process, luggage policy, cleanliness of gate area, service by
flight attendants, food/beverage selection, on-time arrival, and
so on. A five-point scale, with Excellent, Very Good, Good,
Fair, and Poor, is used to record customer ratings. Assumethat
passengers on a delta Airlines flight from Myrtle beach, South
Carolina, to Atlanta, Georgia, provided the following ratings for
the question, “Please rate the airline based on your overall
experience with this flight.” The sample ratings are shown
below.RatingCredit: Anderson, D. R., Sweeney, D. J., Williams,
T. A., Camm, J. D., & Cochran, J. J. (2017). Statistics for
business & economics 13e. Boston: Cengage
Learning.ExcellentExcellent1. Use the pivot table feature in
Microsoft Excel and create a frequency distribution with two
columns - Rating and Frequency.Very GoodGood2. Use Excel to

7. create a bar chart (or a pivot bar chart)ExcellentExcellent3. Use
Excel to create a pie chart (or a pivot pie chart)GoodVery
Good4. Interpret information from the charts and the frequency
distribution.ExcellentExcellentGoodVery GoodVery GoodVery
GoodVery GoodVery GoodExcellentFairExcellentVery
GoodVery GoodExcellentVery GoodVery
GoodExcellentExcellentVery GoodExcellentExcellentPoorVery
GoodExcellentVery GoodVery GoodExcellentVery
GoodExcellentExcellentVery GoodVery GoodVery
GoodExcellentGoodVery GoodPoorExcellentVery
GoodExcellentVery GoodVery Good
Question 8 The data below shows the total sales per day of the
week by four salespersons.Use Microsoft Excel to construct a
line chart (graph)showing total sales by the days of the week for
Happy's Gift Shoppe.SalesWhich day of the week constituted
highest
sales?Mon$233.94Tue$352.55Wed$355.16Thu$542.18Fri$369.0
1Sat$611.77
Question 9Use Excel to find the mean, median, and mode of the
scores given
below.9268Mean7283Median7295Mode8876728989967472
Question 10After your MBA, you are employed as a business
analyst for a company that makes household products, which are
sold by part-time salespersons who work during their spare
time. The company has four salespersons employed. Let us
denote these salespersons by A, B, C, and D. The sales records
(in dollars) for the past 6 weeks for these four salespersons are
shown in the table
below.WeekABCD1177422051330140221808150712951665318
90235215021530419321939110418265185520521189170361726
163014411498Your supervisor has asked you to prepare a brief
analysis comparing the sales volumes and the consistencyof
sales of these four salespersons. Use the mean sales for each
salesperson to compare the sales volumes,and then choose an
appropriate statistical measure to compare the consistency of
sales.

8. WeekABCD1177422051330140221808150712951665318902352
15021530419321939110418265185520521189170361726163014
411498MeanMedianMINMAXRangeStd DevVarianceCase
Adapted from Introductory Statistics, 8e, Mann
Question 11 The data below shows personal income for Quarters
2014: II - 2015: III in millions of dollars, seasonallyadjusted at
annual rate.Quarter II, 2014$14,603,925After plotting the line
graph, answer the following questions:Quarter III,
2014$14,784,309Quarter IV, 2014$14,925,2151. Is the graph
exhibiting an increasing, decreasing, or fluctuating
trend?Quarter I, 2015$15,056,970Quarter II,
2015$15,254,088Choose oneQuarter III, 2015$15,449,6472.
Which quarter showed the highest personal income?
Question 12 Construct a pie chart (circle graph) showing the
distribution of market share using the data below.The data
represents the percent dollar market of comics and magazine
sales for September (Rounded to the nearest whole
percent).PublisherMarket ShareAfter plotting the pie chart,
answer the following questions.Marvel Comics35%DC
Comics32%1. What percent of market share is held by the
largest three companies?Image Comics5%Dark Horse
Comics4%2. What was Image Comics' sales for September if the
total market was $80,000,000?Dreamweave Productions4%All
others20%3. If the total market had $80,000,000 in comics and
magazine sales for September, what were the sales for Marvel
Comics?