5th week
summary
In this project, you will realize that you really need to invest in a new computer to complete course assignments for the school’s use. You will create a worksheet, use the PMT function, and format a worksheet to show a comparison of two electronic computers that you are interested in purchasing. You will make a comparison of the two items and determine which one is feasible to purchase.
- The Excel PMT function is used to calculate the payment for a loan based on constant payments and a constant interest rate.
- Click here for more information on how to use the PMT function.
To complete this assignment, perform the following tasks:
- Data has been provided for you to generate a payment for each of the two products to help determine which product is feasible for you to purchase for school purposes. Click here to access the data.
- The loan parameters have been entered into the worksheet. Click in cells B8 and E8 to calculate the amount to finance as Price – down payment – rebate.
- Calculate the payment on B10 and E10.
- Hint: Click Insert function and select PMT for payment.
- Save the workbook as “FirstInitial_LastName_Purchase_solution.xlsx”
- Merge and center the titles in Cells A1:E1. Format your worksheet by including color as well as providing an appropriate clip art to accent the document.
- Indent the content in cells A4:A9 and show the Payment amount in font size 14.
- Indent the content in cells D4:D9 and show the Payment amount in font size 14.
Save the School Computer Purchase Analysis spreadsheet. Close the workbook and then exit Excel.
unit 5 discussion board
Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
In 1944, finance specialists and bankers from around the world met to discuss what the post-WWII monetary system would be. Given the instability of the pre-war period, the goal was to create a new system. The outcome of this was the Bretton Woods system, which had the U.S. dollar as the world reserve currency linked to gold at $35 an ounce. All other currencies were tied to the dollar with limits on how much they could appreciate or depreciate. The system lasted until the 1970s, when the United States decided to move away from gold convertibility. The modern system is based on supply and demand for currency and a managed float. Discuss the following in your main post:
- The U.S. dollar remains the world’s reserve currency. Is this good for the United States, and if so, why?
- People usually think a “strong” dollar is good. Is this true for U.S. businesses, and does it help or hurt the U.S. balance of payments?
