15. Use the Loan worksheet to complete the loan amortization table. - In cell F2, insert the IPMT function to calculate the interest for the first payment. Copy the function to the range F3:F25. (The results will update after you complete the other functions and formulas.)16. In cell G2, insert the PPMT function to calculate the principal paid for the first payment. Copy the function to the range G3:G25.17. In cell H2, insert a formula to calculate the ending principal balance. Copy the formula to the range H3:H25.18. Now you want to determine how much interest was paid during the first two years. - In cell B10, insert the CUMIPMT function to calculate the cumulative interest after the first two years. Make sure the result is positive.19. In cell B11, insert the CUMPRINC function to calculate the cumulative principal paid at the end of the first two years. Make sure the result is positive.20. You want to perform a what-if analysis to determine the rate if the monthly payment is $1,150 instead of $1,207.87. ### Loan Information SpreadsheetThis spreadsheet provides details about a loan and explores different payment strategies.#### Loan Details- **Principal Value (Loan PV):** $75,000.00- **Annual Percentage Rate (APR):** 5.00%- **Monthly Rate:** 0.42%- **Loan Term:** 5 Years- **Number of Payments (NPER):** 72 months- **Monthly Payment:** $1,207.87#### Payment BreakdownThe table tracks each payment with columns for:- **Payment #:** Sequential number of payments.- **Beginning Balance:** Starting balance before payment.- **Interest:** Interest amount for each period.- **Principal:** Portion of payment applied to principal.- **End Balance:** Resulting balance after payment.The cells for these details are currently unfilled.#### Cumulative Totals After Year 2- **Interest:** Empty cell intended for total interest paid by the end of Year 2.- **Principal Paid:** Empty cell to accumulate principal payments by the end of Year 2.#### Alternative Payment Goal- **Target Monthly Payment:** $1,150.00To achieve this target:- **Monthly Rate Needed:** Determines what adjusted monthly interest rate is required.- **APR Needed:** Calculates the necessary annual percentage rate.All related values for this scenario are unfilled. This exploration helps assess different financial strategies.

HERE IS THE ANSWER:- EXCEL SHEET:-

Answered: 15 Use the Loan worksheet to complete…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Below are some rows of the PROVIDERS table for a factory: PCODE 10192 98411 0489035 NAME Hans, Inc. Tools and More Motors Inc. PHONE 231 - 3092 231-1029 993 - 1821 All providers from the factory zone of the city start with 231. You want to get the providers that are in the factory zone of the city. Which of the following is more appropriate? O a. O b. SELECT * FROM PROVIDERS WHERE PHONE LIKE '% 231' O C. O d. SELECT * FROM PROVIDERS WHERE PHONE LIKE $231%' SELECT * FROM PROVIDERS WHERE PHONE LIKE 231 SELECT * FROM PROVIDERS WHERE PHONE LIKE '%231%'
8. Using the Min function, write a formula in cell F10 of Top10_Pivot Sheet to find the minimum "Sum of Percentage" value. Do not select the Grand Total range in the function. Screenshots attached thanks
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The InstantRide User Satisfaction team requires the average and maximum number of rides users have taken so far with InstantRide. In addition, they would like to know the total number of travels. However, they need these details with the corresponding column names Average, Maximum and Total by using the AVG, MAX and SUM functions. In order to accomplish this, you will first need to create a derived table from the TRAVELS table to pass the TRAVEL_ID count to the three mathematical functions.
Task 5: Create the GET_CREDIT_LIMIT procedure to obtain the full name and credit limit of the customer whose ID currently is stored in I_CUST_ID. Place these values in the variables I_CUSTOMER_NAME and I_CREDIT_LIMIT, respectively. When the procedure is called it should output the contents of I_CUSTOMER_NAME and I_CREDIT_LIMIT.
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The APPT_DTTM column stores the date and time of an appointment. Which of the following expressions would return TRUE for all appointments on January 1, 2018, and FALSE for all other appointments? SELECT ONE OF THE FOLLOWING A. APPT_DTTM >= '1 JAN 2018' AND APPT_DTTM < '2 JAN 2018' B. APPT_DTTM = '1 JAN 2018' C. APPT_DTTM > '31 DEC 2017' AND APPT_DTTM <= '1 JAN 2018' D. APPT_DTTM > '31 DEC 2017' AND APPT_DTTM < '2 JAN 2018' Choose one correct answer and what is output of remaining queries with proper explanation
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2
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