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Third Assignment (Loan Analysis) 
 Use MS Excel 2010 
 Due Date: Friday, November 21, 2014 at 11:59 
PM.
Excel 2010 
 Assign names to all given information which have been 
provided to you such as Price of your car, your Interest 
Rate, Your Loan Term, etc. 
 Use Excel 2010 to create a Payment for buying the car 
that has been assigned to you. Make sure that you can 
find the Payment, Total Interest and Total Cost of your 
car. Make sure that for all your calculated values you 
use the appropriate names (you need to assign names 
to all your calculated values). Do not use the cell 
addresses for your calculations. 

Excel 2010 
 Make sure you are able to use different values for 
the Interest Rate 
 Use the tenth row, first column of your Excel sheet for the 
following operations: 
 Use a one-variable table to come up with your 
Payment, Total Interest, and Total Cost when the 
Interest Rate is within 2 points of your initial rate 
(change your interest rate by a half of a point). For 
example, if your initial rate is 4%, you have to 
consider the following rates: 2%, 2.5%, 3%, 3.5%, 
4%, 4.5%, 5%, 5.5%, and 6%. Make sure that your 
data are expressed in appropriate format.
Excel 2010 
 Make sure that you are able to use different values for the Interest Rate and 
the # of Years required to repay your loan. Start from the third row, sixth 
column (F3) to perform the following operations: 
 Use a two-variable table to come up with your Payment based on the 
following scenarios: 
 Change in Interest Rate: When the Interest Rate is within 1 point of your 
initial rate (change your interest rate by a half of a point). For example, if 
your initial rate is 4%, you need to consider the following rates: 3%, 
3.5%, 4%, 4.5%, and 5%. Store your interest rates in the third row 
seventh column (g3). 
 Change in # of Years: The # of Years to repay your loan that you are 
responsible for should be within 2 years of your initial term (change your 
number of years by one year). For example, if your initial term is 3 years, 
you need to consider the following terms: 1, 2, 3, 4, and 5 years. Store 
your loan terms in the fourth row, sixth column (F4) 
 Create a graph by using a line with markers graph for your payment 
under these different scenarios (different Interest Rates and different # of 
Years).

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Instructions third assignment (loan analysis

  • 1. Third Assignment (Loan Analysis)  Use MS Excel 2010  Due Date: Friday, November 21, 2014 at 11:59 PM.
  • 2. Excel 2010  Assign names to all given information which have been provided to you such as Price of your car, your Interest Rate, Your Loan Term, etc.  Use Excel 2010 to create a Payment for buying the car that has been assigned to you. Make sure that you can find the Payment, Total Interest and Total Cost of your car. Make sure that for all your calculated values you use the appropriate names (you need to assign names to all your calculated values). Do not use the cell addresses for your calculations. 
  • 3. Excel 2010  Make sure you are able to use different values for the Interest Rate  Use the tenth row, first column of your Excel sheet for the following operations:  Use a one-variable table to come up with your Payment, Total Interest, and Total Cost when the Interest Rate is within 2 points of your initial rate (change your interest rate by a half of a point). For example, if your initial rate is 4%, you have to consider the following rates: 2%, 2.5%, 3%, 3.5%, 4%, 4.5%, 5%, 5.5%, and 6%. Make sure that your data are expressed in appropriate format.
  • 4. Excel 2010  Make sure that you are able to use different values for the Interest Rate and the # of Years required to repay your loan. Start from the third row, sixth column (F3) to perform the following operations:  Use a two-variable table to come up with your Payment based on the following scenarios:  Change in Interest Rate: When the Interest Rate is within 1 point of your initial rate (change your interest rate by a half of a point). For example, if your initial rate is 4%, you need to consider the following rates: 3%, 3.5%, 4%, 4.5%, and 5%. Store your interest rates in the third row seventh column (g3).  Change in # of Years: The # of Years to repay your loan that you are responsible for should be within 2 years of your initial term (change your number of years by one year). For example, if your initial term is 3 years, you need to consider the following terms: 1, 2, 3, 4, and 5 years. Store your loan terms in the fourth row, sixth column (F4)  Create a graph by using a line with markers graph for your payment under these different scenarios (different Interest Rates and different # of Years).