Liam wants to use defined names in other calculations to help him interpret the formulas. In the range D4:D8, create defined names based on the values in the range C4:C8.

COMPREHENSIVE MICROSOFT OFFICE 365 EXCE
1st Edition
ISBN:9780357392676
Author:FREUND, Steven
Publisher:FREUND, Steven
Chapter9: Formula Auditing, Data Validation, And Complex Problem Solving
Section: Chapter Questions
Problem 7EYK
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  1. Liam wants to use defined names in other calculations to help him interpret the formulas.

    In the range D4:D8, create defined names based on the values in the range C4:C8.

please show the instructions/steps. 

Excel
File
Edit View
Insert
Format
Tools
Data
Window
Help
85%
Wed 10:49 PM
O SC EX19_4a_AisetouMagassouba_1
AutoSave
OFF
Home
Insert
Draw
Page Layout
Formulas
Data
Review
View
O Tell me
Share
Comments
AutoSave
2010
fx
Define Name v
B, Trace Precedents
Home
Insert
Draw
?
A
...
Use in Formula v
L1 Trace Dependents
Lookup & Math &
Reference
Watch
AutoSum Recently Financial Logical
Used
Date &
Time
More
Functions
Insert
Text
Name
Show
Error
Calculation
Verdana
Function
Trig
Manager
Create from Selection
Remove Arrows v
Formulas Checking Window
Options
fx
Paste
В
G20
1941
P
A
В
C
E
F
G
H
J
K
M.
N
1 New Office Building
2 Loan Calculator
3
Loan Payment Calculator
Scenarios
Renovation
20 Years
8 Years
Loan Amount
$ 1,020,000
4 Date
5 Property
6 Price
7 Down Payment
8 Loan Amount
9/15/21 Rate
4.45%
$
(920,000)
4.45%
Charles Street
Term in Months
180
Annual Interest Rate
4.45%
4.25%
24
$
$
1,150,000 Monthly Payment
230,000 Total Interest
(920,000) Total Cost
Monthly Interest Rate
Loan Period in Years
0.37%
0.35%
0.37%
15
20
8
t
Loan Period in Months
180
240
96
2 PM
Start Date
1/3/22
1/3/22
1/3/22
10
Varying Interest Rates and Terms
Monthly Payment
$
(6,000) $
(8,000)
11
Rate
Number of Months
Future Value
n/a
n/a
12
120
180
240
13
3.95%
14
4.05%
15
4.15%
t
16
4.25%
1 PM
17
4.35%
18
4.45%
19
4.55%
20
4.65%
21
4.75%
22
4.85%
23
4.95%
t
24
5.05%
5 PM
25
5.15%
26
27
28
29
30
ot
М
31
32
33
34.
Documentation
Loan Calculator
Properties
Equipment Loan
Ready
曲
+
100%
Special_Programs_
Transfer...est copy
Page 1 of 5
15 of 1126 words
English (United States)
Focus
+
180%
2022-02...2.39 PM 2022-02...7.00 PM
!
Transcribed Image Text:Excel File Edit View Insert Format Tools Data Window Help 85% Wed 10:49 PM O SC EX19_4a_AisetouMagassouba_1 AutoSave OFF Home Insert Draw Page Layout Formulas Data Review View O Tell me Share Comments AutoSave 2010 fx Define Name v B, Trace Precedents Home Insert Draw ? A ... Use in Formula v L1 Trace Dependents Lookup & Math & Reference Watch AutoSum Recently Financial Logical Used Date & Time More Functions Insert Text Name Show Error Calculation Verdana Function Trig Manager Create from Selection Remove Arrows v Formulas Checking Window Options fx Paste В G20 1941 P A В C E F G H J K M. N 1 New Office Building 2 Loan Calculator 3 Loan Payment Calculator Scenarios Renovation 20 Years 8 Years Loan Amount $ 1,020,000 4 Date 5 Property 6 Price 7 Down Payment 8 Loan Amount 9/15/21 Rate 4.45% $ (920,000) 4.45% Charles Street Term in Months 180 Annual Interest Rate 4.45% 4.25% 24 $ $ 1,150,000 Monthly Payment 230,000 Total Interest (920,000) Total Cost Monthly Interest Rate Loan Period in Years 0.37% 0.35% 0.37% 15 20 8 t Loan Period in Months 180 240 96 2 PM Start Date 1/3/22 1/3/22 1/3/22 10 Varying Interest Rates and Terms Monthly Payment $ (6,000) $ (8,000) 11 Rate Number of Months Future Value n/a n/a 12 120 180 240 13 3.95% 14 4.05% 15 4.15% t 16 4.25% 1 PM 17 4.35% 18 4.45% 19 4.55% 20 4.65% 21 4.75% 22 4.85% 23 4.95% t 24 5.05% 5 PM 25 5.15% 26 27 28 29 30 ot М 31 32 33 34. Documentation Loan Calculator Properties Equipment Loan Ready 曲 + 100% Special_Programs_ Transfer...est copy Page 1 of 5 15 of 1126 words English (United States) Focus + 180% 2022-02...2.39 PM 2022-02...7.00 PM !
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