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# Assignment 3

## Due: Thursday February 11

At 11pm (evening)
All assignments must be completed individually
Instructions Sheet: This sheet
Sheet #2: Financial (40 points)
Sheet #3: Goal Seek (20 points)
Sheet #4: IF (40 points)

IMPORTANT
Assignment has to be submitted on BlackBoard.
File should be named as:
Lastname_Firstname_Assignment3.xlsx

POINT DEDUCTIONS
1. For each 24 hours (or part thereof) the assignment is late, there will be a 10 point deduction.
2. Failure to follow the file naming convention when submitting assignments in BlackBoard = 10 point deduction.

0 point deduction.

Before doing anything, rename this file as: Lastname_Firstname_Assignment3.xlsx (go to file, then select save as)

This sheet has four parts: payment, future value, present value and Net present value
Remember to do all four parts.
PART #1: Payment

You want to purchase a car. So you decided to take an Auto loan of \$30,000 (now).

Present Value
Interest Rate per period
# of Periods
Future Value
Periodic Payments

\$30,000.00
You are required to make payment at the end of every month. The annual interest rate is 7.50%.
0.63%
You have to pay off the loan in 4 years.
48
\$0.00 Fill each cell in the table with the right value and calculate the periodic payment.
(\$725.37)

## PART #2: Future Value

Principal Amount
Interest Rate per period
# of Periods
Periodic Payments
Future Value

You want to build a home after 5 years so you plan to save a part of your earnings in an annuity
which has a period of 5 years.

-\$7,777.00
1.31% You are required to pay \$7,777 now, and \$8,888 at the start of every quarter. The annual interest
20 rate is 5.25%. What is the amount that you will receive after 5 years?
-\$8,888.00
\$214,513.96 Fill each cell in the table with the right value and calculate the future value.

## PART #3: Present Value

Future Value
Interest Rate per period
# of Periods
Periodic Payments
Present Value

99company's new project is expected to return \$3,500 at the end of every month for 5 years.
A
Also,
it is expected to get \$49,500 at the end of 5 years.The annual interest rate is 12.25%.
\$49,500.00
1.02%
Fill each cell in table with the right value and calculate the present value of all the future
60 returns.
\$3,500.00
(\$183,364.79)

## PART #4: Net Present Value

Rate of return
Signing bonus
Payment at end of Year1
Payment at end of Year2
Payment at end of Year3
NPV of above scheme

## An NBA player is to receive a \$1,000,000 signing bonus today, and

10% \$2,000,000 one year, two years, and three years from now. Assuming
\$1,000,000.00 r=0.10 and ignoring tax considerations, would he be better of receiving
\$2,000,000.00 \$6,000,000 today?

\$2,000,000.00
\$2,000,000.00 To answer the above question, fill each cell in table with the right value
\$5,973,703.98 and calculate the net present value of the yearly payment scheme. Now,

## compare that to the alternate scheme of receiving \$6,000,000 today.

Which scheme is better for the NBA player?

0 (now).

## interest rate is 7.50%.

yment.

earnings in an annuity

e.

rate is 12.25%.

oday, and
w. Assuming
ter of receiving

nt scheme. Now,
0,000 today.

GoalSeek
Maximum

Score

100
100
200

83.00
95.00
178.00

Verbal
Analytical
Total
% Score

89.00%

## A Syracuse phone service company charges customer in

the following way. The monthly local phone call is a fixed
charge of \$30. For long distance calls, it is 8 cents per
minute. The left table shows total minutes a customer
made for long distance calls. Calculate:
1) The long distance charge for each month.
2) Total charge (local plus long distance) for each month.
3) Annual total charge of local and long distance.
4) Percentage of annual total charge for each month.
Correct use of relative/absolute reference is required.

Entrance Exam
In this worksheet, select cell C4 and name it with VerbalScore in the name box. And
use VerbalScore in your Goal Seek process. NOTE: No space between verbal and
score.
The entrance exam for a masters' program has two parts - Verbal and Analytical. You
scored 95.00% out of 100 in the Analytical part. To get into a Masters' Program, you
need to get at least 89%.
How much do you need to score in Verbal to get a % (total) score of 89% (use the
correct function)? 83%

## DO NOT DO THIS MANUALLY USING A CALCULATOR

In this worksheet, go to Insert and choose SmartArt, use Vertical Equation
under Relationship column to show the relationship between verbal score,
analytical score and total score. Remember that this is JUST showing a relationship
with words. We are not looking for mathematical accuracy.

## Employees in a local company is required to

This sheet has two problems: Hourly Rate and Disounts.
work no more than 40 hours a week by law.
Their regular hourly rate is \$16. If an employee
Remember to do both problems.
works overtime, the hourly rate is \$24 for each
extraPART
hour. TheA:
left table
shows the
working
Problem #1: Hourly Rate
(complete
PART
B: as well)
Regular Hourly Rate
Overtime Hours Threshold
Overtime Rate

Employee
Kira
Susan
Amelie
Sandy
Tom
Pat
Jan

hoursTypically,
of some employees
company.
employeesofinthis
a local
company are
Calculate
the
total
wage
using
IF
function.
required to work no more than
40.00 hours a

\$17.89
40.00
\$37.89

Weekly Working
Hours

Weekly
Wage

24
37.5
35
46
52.5
37.5
47

429.36
670.88
626.15
942.94
1189.23
670.88
980.83

250
150

\$14.99
\$20.99
\$26.99

## week. Their regular hourly rate is \$17.89. If an

employee works overtime (more than 40.00
hours a week), the hourly rate is \$37.89 for
each extra hour. The table shows the working
hours of employees of this company.
Calculate the WEEKLY wage using the IF
function. Do NOT hard code values; instead
use cell references to refer to fixed values
such as \$17.89. Use absolute and relative
referencing appropriately.

## Problem #2: Discounts

Deep Discount Rate (q > 250)
Regular Discount Rate (250 >= q > 150)
Regular Rate (otherwise)

Customer
Avila Enterprises
New Salem Enterprises
Timson and Brothers
French Brothers, Inc.
Zaragosa, Inc.
Orleans and Sons
Thyme and Sons, Inc.

Quantity (q)

Sales

219
166
250
139
150
299
323
133

\$4,596.81
\$3,484.34
\$5,247.50
\$3,751.61
\$3,148.50
\$4,482.01
\$4,841.77
\$3,589.67

## A particular company offers two types of

discounts based on the quantity (q) bought;
regular discount and deep discount (see the
table to the left).
For each of its customers, calculate sales
using the nested IF function. Do NOT hard code
values; instead use cell references to refer to
fixed values such as \$14.99. Use absolute and
relative referencing appropriately.

PART B:
Go to a new (separate)
sheet. Call it Payroll
Summary. In this
worksheet, copy over the
Employee table (A7:C14).
Just the Values! Then,
Working Hours" and
"Annual Wage".
Assuming 52 weeks in a
year, compute the data for
these two columns.
Format the table to make
it presentable.

Amelie
Jan
Kira
Pat
Sandy
Susan
Tom

35
47
24
37.5
46
37.5
52.5

1820
2444
1248
1950
2392
1950
2730

Weekly Wage
\$626.15
\$980.83
\$429.36
\$670.88
\$942.94
\$670.88
\$1,189.23

Annual Wage
\$32,559.80
\$51,003.16
\$22,326.72
\$34,885.50
\$49,032.88
\$34,885.50
\$61,839.70