Please see below. I need help with this excel sheet. Please note that this problem requires cell referencing and particular formulas to get the correct answers. Please be sure to include these items. MQR1 Function: DATE; Formula: Add, Multiply, Divide; Cell Referencing2.3 Using Excel to Compute Interest and Maturity DateStudent Work AreaRequired: Provide input into cells shaded in yellow in this template. Usemathematical formulas with ca references to the Problem area.4.PROBLEM5 Compute interest and find the maturity date for the following notes using6 Excel's DATE function. Base the interest calculation on 360 days per year.89Date of NoteFace ValueInterestTerms inDate of NoteMaturity DateInterest10MonthDayYearRate %DaysJune 10$ 80,000$ 50,000$ 12,000116.1020226%60121420227%90July 141342720228%7514April 2715%24

Interest expense refers to those expense which is paid by an individual or company on the amount…

Answered: Date of Note Interest Maturity Date…

Business

Accounting

Date of Note Interest Maturity Date June 10 July 14 April 27

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please see below. I need help with this excel sheet. Please note that this problem requires cell referencing and particular formulas to get the correct answers. Please be sure to include these items.

M
Q
R
1 Function: DATE; Formula: Add, Multiply, Divide; Cell Referencing
2.
3 Using Excel to Compute Interest and Maturity Date
Student Work Area
Required: Provide input into cells shaded in yellow in this template. Use
mathematical formulas with ca references to the Problem area.
4.
PROBLEM
5 Compute interest and find the maturity date for the following notes using
6 Excel's DATE function. Base the interest calculation on 360 days per year.
8
9
Date of Note
Face Value
Interest
Terms in
Date of Note
Maturity Date
Interest
10
Month
Day
Year
Rate %
Days
June 10
$ 80,000
$ 50,000
$ 12,000
11
6.
10
2022
6%
60
12
14
2022
7%
90
July 14
13
4
27
2022
8%
75
14
April 27
15
%24

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