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Problem 1 (25 Points)


In the sheet “Problem 1” you are given a list of festivals, their locations and the seasons that they fall in.

1. Using IF, filter the data for these festivals by season. You will need to add a column for each season and then use the IF function to filter the data by season. Your formula should use proper anchoring so it is copyable both down and across.
2. Calculate the total number of festivals each season as well as the percentage of festivals that fall in each season. Use ROUND to round the percentage to the nearest whole number.Compu

Your solution must look like this (including the formatting)

Your solution must take into account the possibility that the data could change, i.e., do not “hard code” any data values. If the season of a festival changes, your calculations should update to the correct values automatically. Additionally, if new rows are inserted or existing rows are deleted, your spreadsheet model should still work.

Problem 2 (50 Points)


In the sheet “Problem 2”, you are given information about a savings account. Use this information to create a savings calculator. Notice that some cells have been given names. Use these names in formulas where appropriate. You can view all named cells in the Name Manager under the Formulas tab.

1. Use formulas to fill in the columns as shown below, including the column for DepNo. Lookup the DATE and/or EDATE functions to figure out how to fill in the Deposit Date column. You should type in the Extra Deposits as they appear in the figure below since you cannot figure them out with a formula.

2. In cell I7, calculate the total amount of scheduled deposits.
3. In cell I8, calculate the total amount of extra deposits.
4. In cell I9, calculate the total amount of interest earned.
5. In cell I10, calculate the percentage that the account has increased by.
6. In cell I11, use an IF statement to determine whether the goal has been reached at the end of the savings period.
7. Use conditional formatting to shade cell I11 green if the goal has been reached and red if it has not been reached.

Here is what your solution should look like

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Make sure that your

● formulas are “copyable”, i.e., that they use absolute references ($) wherever needed
● IF statements do not hard code amounts, but rather use cell references
● the cells are formatted as shown in the solution above

Problem 3 (25 Points)

In the sheet “Problem 3” you are to create various loan payment scenarios. The loan has an initial balance (cell C1) of $50,000.

1. Create a column of years from 0 through 20 of the life of the loan. Use a formula starting in Year 1.
2. Create columns for 5 different interest rates: 2%, 4%, 6%, 8% and 10%.
3. Use the PMT function to calculate the monthly payment due if the loan is paid in full at the end of each period. For instance, the monthly payment of a loan with a 2% interest rate that is to be paid in 5 years would be $876.39. Make sure that your formulas use proper anchoring ($) to allow the formulas to be copied. You should be able to copy the formula down and across without changing the formula.

4. Format the model exactly as shown.
5. Test your model with different initial balances and interest rates.
6. Add your first and last name to cell A28.
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