Fudction: DATE; Formula: Add, Multiply, Divide; Cell Referencing Using Excel to Compute Interest and Maturity Date Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area. 5 Compute interest and find the maturity date for the following notes using Excel's DATE function. Base the interest calculation on 360 days per year. 9 Date of Note Face Value Interest Terms in Date of Note Interest Maturity Date Month Day Year Rate % Days June 10 $ 80,000 $ 50,000 $ 12,000 11 6. 10 2022 6% 60 12 7. 14 2022 7% 90 July 14 13 4. 27 2022 8% 75 14 April 27 15
Fudction: DATE; Formula: Add, Multiply, Divide; Cell Referencing Using Excel to Compute Interest and Maturity Date Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area. 5 Compute interest and find the maturity date for the following notes using Excel's DATE function. Base the interest calculation on 360 days per year. 9 Date of Note Face Value Interest Terms in Date of Note Interest Maturity Date Month Day Year Rate % Days June 10 $ 80,000 $ 50,000 $ 12,000 11 6. 10 2022 6% 60 12 7. 14 2022 7% 90 July 14 13 4. 27 2022 8% 75 14 April 27 15
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Fur ction: DATE; Formula: Add, Multiply, Divide; Cell Referencing
3 Using Excel to Compute Interest and Maturity Date
Student Work Area
PROBLEM
Required: Provide input into cells shaded in yellow in this template. Use
4
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.
mathematical formulas with cell references to the Problem area.
9
Date of Note
Face Value
Interest
Terms in
Date of Note
Interest
Maturity Date
Rate %
Month
6.
10
Day
Year
Days
June 10
$ 80,000
$ 50,000
$ 12,000
11
10
2022
6%
60
12
14
2022
7%
90
July 14
13
27
2022
8%
75
14
April 27
15
16
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