ACST101 Excel Assignment

Number of months, Interest Only

(IO) repayments. 60

Number of years, n, with Principal &

Interest (P&I) repayments 15 sum of first three digits of student number

Number of months, n*m of P&I

repayments 180
Interest rate p.a (compounding
monthly) % 6.00%
Interest rate per month, i/m, % 0.500% this is formatted as a percentage. i.e 6.00% per annum
Loan amount $500,000

Repayment from month 61 to end

of loan period (Amount to be a
negative) -$7,487.50 DO NOT Round any amounts in the Amortisation Sche
Loan Amortisation Schedule
Mth Balance beginning of month Interest Repayment
1 $ 500,000.00 $ 2,500.00 -$ 2,500.00
2 $ 502,500.00 $ 2,512.50 -$ 2,500.00
3 $ 505,012.50 $ 2,525.06 -$ 2,500.00
4 $ 507,537.56 $ 2,537.69 -$ 2,500.00
5 $ 510,075.25 $ 2,550.38 -$ 2,500.00
6 $ 512,625.63 $ 2,563.13 -$ 2,500.00
7 $ 515,188.75 $ 2,575.94 -$ 2,500.00
8 $ 517,764.70 $ 2,588.82 -$ 2,500.00
9 $ 520,353.52 $ 2,601.77 -$ 2,500.00
10 $ 522,955.29 $ 2,614.78 -$ 2,500.00
11 $ 525,570.07 $ 2,627.85 -$ 2,500.00
12 $ 528,197.92 $ 2,640.99 -$ 2,500.00
13 $ 530,838.91 $ 2,654.19 -$ 2,500.00
14 $ 533,493.10 $ 2,667.47 -$ 2,500.00
15 $ 536,160.57 $ 2,680.80 -$ 2,500.00
16 $ 538,841.37 $ 2,694.21 -$ 2,500.00
17 $ 541,535.58 $ 2,707.68 -$ 2,500.00
18 $ 544,243.25 $ 2,721.22 -$ 2,500.00
19 $ 546,964.47 $ 2,734.82 -$ 2,500.00
20 $ 549,699.29 $ 2,748.50 -$ 2,500.00
21 $ 552,447.79 $ 2,762.24 -$ 2,500.00
22 $ 555,210.03 $ 2,776.05 -$ 2,500.00
23 $ 557,986.08 $ 2,789.93 -$ 2,500.00
24 $ 560,776.01 $ 2,803.88 -$ 2,500.00
25 $ 563,579.89 $ 2,817.90 -$ 2,500.00
26 $ 566,397.79 $ 2,831.99 -$ 2,500.00
27 $ 569,229.78 $ 2,846.15 -$ 2,500.00
28 $ 572,075.93 $ 2,860.38 -$ 2,500.00
29 $ 574,936.30 $ 2,874.68 -$ 2,500.00
30 $ 577,810.99 $ 2,889.05 -$ 2,500.00
31 $ 580,700.04 $ 2,903.50 -$ 2,500.00
32 $ 583,603.54 $ 2,918.02 -$ 2,500.00
33 $ 586,521.56 $ 2,932.61 -$ 2,500.00
34 $ 589,454.17 $ 2,947.27 -$ 2,500.00
35 $ 592,401.44 $ 2,962.01 -$ 2,500.00
36 $ 595,363.45 $ 2,976.82 -$ 2,500.00
37 $ 598,340.26 $ 2,991.70 -$ 2,500.00
38 $ 601,331.96 $ 3,006.66 -$ 2,500.00
39 $ 604,338.62 $ 3,021.69 -$ 2,500.00
40 $ 607,360.32 $ 3,036.80 -$ 2,500.00
41 $ 610,397.12 $ 3,051.99 -$ 2,500.00
42 $ 613,449.10 $ 3,067.25 -$ 2,500.00
43 $ 616,516.35 $ 3,082.58 -$ 2,500.00
44 $ 619,598.93 $ 3,097.99 -$ 2,500.00
45 $ 622,696.93 $ 3,113.48 -$ 2,500.00
46 $ 625,810.41 $ 3,129.05 -$ 2,500.00
47 $ 628,939.46 $ 3,144.70 -$ 2,500.00
48 $ 632,084.16 $ 3,160.42 -$ 2,500.00
49 $ 635,244.58 $ 3,176.22 -$ 2,500.00
50 $ 638,420.80 $ 3,192.10 -$ 2,500.00
51 $ 641,612.91 $ 3,208.06 -$ 2,500.00
52 $ 644,820.97 $ 3,224.10 -$ 2,500.00
53 $ 648,045.08 $ 3,240.23 -$ 2,500.00
54 $ 651,285.30 $ 3,256.43 -$ 2,500.00
55 $ 654,541.73 $ 3,272.71 -$ 2,500.00
56 $ 657,814.44 $ 3,289.07 -$ 2,500.00
57 $ 661,103.51 $ 3,305.52 -$ 2,500.00
58 $ 664,409.03 $ 3,322.05 -$ 2,500.00
59 $ 667,731.07 $ 3,338.66 -$ 2,500.00
60 $ 671,069.73 $ 3,355.35 -$ 2,500.00
61 $ 674,425.08 $ 3,372.13 -$ 7,487.50
62 $ 670,309.70 $ 3,351.55 -$ 7,487.50
63 $ 666,173.75 $ 3,330.87 -$ 7,487.50
64 $ 662,017.12 $ 3,310.09 -$ 7,487.50
65 $ 657,839.70 $ 3,289.20 -$ 7,487.50
66 $ 653,641.40 $ 3,268.21 -$ 7,487.50
67 $ 649,422.10 $ 3,247.11 -$ 7,487.50
68 $ 645,181.71 $ 3,225.91 -$ 7,487.50
69 $ 640,920.12 $ 3,204.60 -$ 7,487.50
70 $ 636,637.22 $ 3,183.19 -$ 7,487.50
71 $ 632,332.91 $ 3,161.66 -$ 7,487.50
72 $ 628,007.07 $ 3,140.04 -$ 7,487.50
73 $ 623,659.60 $ 3,118.30 -$ 7,487.50
74 $ 619,290.40 $ 3,096.45 -$ 7,487.50
75 $ 614,899.35 $ 3,074.50 -$ 7,487.50
76 $ 610,486.35 $ 3,052.43 -$ 7,487.50
77 $ 606,051.28 $ 3,030.26 -$ 7,487.50
78 $ 601,594.03 $ 3,007.97 -$ 7,487.50
79 $ 597,114.50 $ 2,985.57 -$ 7,487.50
 80 $ 592,612.57 $ 2,963.06 -$ 7,487.50
81 $ 588,088.14 $ 2,940.44 -$ 7,487.50
82 $ 583,541.07 $ 2,917.71 -$ 7,487.50
83 $ 578,971.28 $ 2,894.86 -$ 7,487.50
84 $ 574,378.63 $ 2,871.89 -$ 7,487.50
85 $ 569,763.03 $ 2,848.82 -$ 7,487.50
86 $ 565,124.34 $ 2,825.62 -$ 7,487.50
87 $ 560,462.46 $ 2,802.31 -$ 7,487.50
88 $ 555,777.27 $ 2,778.89 -$ 7,487.50
89 $ 551,068.66 $ 2,755.34 -$ 7,487.50
90 $ 546,336.50 $ 2,731.68 -$ 7,487.50
91 $ 541,580.68 $ 2,707.90 -$ 7,487.50
92 $ 536,801.08 $ 2,684.01 -$ 7,487.50
93 $ 531,997.59 $ 2,659.99 -$ 7,487.50
94 $ 527,170.08 $ 2,635.85 -$ 7,487.50
95 $ 522,318.42 $ 2,611.59 -$ 7,487.50
96 $ 517,442.52 $ 2,587.21 -$ 7,487.50
97 $ 512,542.23 $ 2,562.71 -$ 7,487.50
98 $ 507,617.44 $ 2,538.09 -$ 7,487.50
99 $ 502,668.02 $ 2,513.34 -$ 7,487.50
100 $ 497,693.86 $ 2,488.47 -$ 7,487.50
101 $ 492,694.83 $ 2,463.47 -$ 7,487.50
102 $ 487,670.80 $ 2,438.35 -$ 7,487.50
103 $ 482,621.66 $ 2,413.11 -$ 7,487.50
104 $ 477,547.26 $ 2,387.74 -$ 7,487.50
105 $ 472,447.50 $ 2,362.24 -$ 7,487.50
106 $ 467,322.24 $ 2,336.61 -$ 7,487.50
107 $ 462,171.35 $ 2,310.86 -$ 7,487.50
108 $ 456,994.70 $ 2,284.97 -$ 7,487.50
109 $ 451,792.17 $ 2,258.96 -$ 7,487.50
110 $ 446,563.63 $ 2,232.82 -$ 7,487.50
111 $ 441,308.95 $ 2,206.54 -$ 7,487.50
112 $ 436,027.99 $ 2,180.14 -$ 7,487.50
113 $ 430,720.63 $ 2,153.60 -$ 7,487.50
114 $ 425,386.74 $ 2,126.93 -$ 7,487.50
115 $ 420,026.17 $ 2,100.13 -$ 7,487.50
116 $ 414,638.80 $ 2,073.19 -$ 7,487.50
117 $ 409,224.49 $ 2,046.12 -$ 7,487.50
118 $ 403,783.11 $ 2,018.92 -$ 7,487.50
119 $ 398,314.53 $ 1,991.57 -$ 7,487.50
120 $ 392,818.60 $ 1,964.09 -$ 7,487.50
121 $ 387,295.19 $ 1,936.48 -$ 7,487.50
122 $ 381,744.17 $ 1,908.72 -$ 7,487.50
123 $ 376,165.39 $ 1,880.83 -$ 7,487.50
124 $ 370,558.71 $ 1,852.79 -$ 7,487.50
125 $ 364,924.00 $ 1,824.62 -$ 7,487.50
126 $ 359,261.12 $ 1,796.31 -$ 7,487.50
127 $ 353,569.93 $ 1,767.85 -$ 7,487.50
128 $ 347,850.28 $ 1,739.25 -$ 7,487.50
129 $ 342,102.03 $ 1,710.51 -$ 7,487.50
130 $ 336,325.03 $ 1,681.63 -$ 7,487.50
131 $ 330,519.16 $ 1,652.60 -$ 7,487.50
132 $ 324,684.25 $ 1,623.42 -$ 7,487.50
133 $ 318,820.17 $ 1,594.10 -$ 7,487.50
134 $ 312,926.77 $ 1,564.63 -$ 7,487.50
135 $ 307,003.91 $ 1,535.02 -$ 7,487.50
136 $ 301,051.43 $ 1,505.26 -$ 7,487.50
137 $ 295,069.18 $ 1,475.35 -$ 7,487.50
138 $ 289,057.03 $ 1,445.29 -$ 7,487.50
139 $ 283,014.81 $ 1,415.07 -$ 7,487.50
140 $ 276,942.38 $ 1,384.71 -$ 7,487.50
141 $ 270,839.59 $ 1,354.20 -$ 7,487.50
142 $ 264,706.29 $ 1,323.53 -$ 7,487.50
143 $ 258,542.32 $ 1,292.71 -$ 7,487.50
144 $ 252,347.53 $ 1,261.74 -$ 7,487.50
145 $ 246,121.77 $ 1,230.61 -$ 7,487.50
146 $ 239,864.88 $ 1,199.32 -$ 7,487.50
147 $ 233,576.70 $ 1,167.88 -$ 7,487.50
148 $ 227,257.08 $ 1,136.29 -$ 7,487.50
149 $ 220,905.87 $ 1,104.53 -$ 7,487.50
150 $ 214,522.89 $ 1,072.61 -$ 7,487.50
151 $ 208,108.01 $ 1,040.54 -$ 7,487.50
152 $ 201,661.05 $ 1,008.31 -$ 7,487.50
153 $ 195,181.85 $ 975.91 -$ 7,487.50
154 $ 188,670.26 $ 943.35 -$ 7,487.50
155 $ 182,126.11 $ 910.63 -$ 7,487.50
156 $ 175,549.24 $ 877.75 -$ 7,487.50
157 $ 168,939.48 $ 844.70 -$ 7,487.50
158 $ 162,296.68 $ 811.48 -$ 7,487.50
159 $ 155,620.66 $ 778.10 -$ 7,487.50
160 $ 148,911.27 $ 744.56 -$ 7,487.50
161 $ 142,168.32 $ 710.84 -$ 7,487.50
162 $ 135,391.66 $ 676.96 -$ 7,487.50
163 $ 128,581.12 $ 642.91 -$ 7,487.50
164 $ 121,736.52 $ 608.68 -$ 7,487.50
165 $ 114,857.70 $ 574.29 -$ 7,487.50
166 $ 107,944.49 $ 539.72 -$ 7,487.50
167 $ 100,996.71 $ 504.98 -$ 7,487.50
168 $ 94,014.20 $ 470.07 -$ 7,487.50
169 $ 86,996.77 $ 434.98 -$ 7,487.50
170 $ 79,944.25 $ 399.72 -$ 7,487.50
171 $ 72,856.47 $ 364.28 -$ 7,487.50
172 $ 65,733.25 $ 328.67 -$ 7,487.50
173 $ 58,574.42 $ 292.87 -$ 7,487.50
174 $ 51,379.79 $ 256.90 -$ 7,487.50
175 $ 44,149.18 $ 220.75 -$ 7,487.50
176 $ 36,882.43 $ 184.41 -$ 7,487.50
177 $ 29,579.34 $ 147.90 -$ 7,487.50
178 $ 22,239.74 $ 111.20 -$ 7,487.50
179 $ 14,863.43 $ 74.32 -$ 7,487.50
180 $ 7,450.25 $ 37.25 -$ 7,487.50
ment
Enter your student number digit
by digit in cells F2:M2 4 4 7 6 5 5 3 3 First/Given Name Natalie Yan Wei

of first three digits of student number Family Name Siow

is formatted as a percentage. i.e 6.00% per annum divided by 12 is 0.06/12 per month and displays as 0.500% in cell C6

NOT Round any amounts in the Amortisation Schedule.Use format commands to display as currency.
e
Balance end of month
$ 502,500.00
$ 505,012.50
$ 507,537.56
$ 510,075.25
$ 512,625.63
$ 515,188.75
$ 517,764.70
$ 520,353.52
$ 522,955.29
$ 525,570.07
$ 528,197.92
$ 530,838.91
$ 533,493.10
$ 536,160.57
$ 538,841.37
$ 541,535.58
$ 544,243.25
$ 546,964.47
$ 549,699.29
$ 552,447.79
$ 555,210.03
$ 557,986.08
$ 560,776.01
$ 563,579.89
$ 566,397.79
$ 569,229.78
$ 572,075.93
$ 574,936.30
$ 577,810.99
$ 580,700.04
$ 583,603.54
$ 586,521.56
$ 589,454.17
$ 592,401.44
$ 595,363.45
$ 598,340.26
$ 601,331.96
$ 604,338.62
$ 607,360.32
$ 610,397.12
$ 613,449.10
$ 616,516.35
$ 619,598.93
$ 622,696.93
$ 625,810.41
$ 628,939.46
$ 632,084.16
$ 635,244.58
$ 638,420.80
$ 641,612.91
$ 644,820.97
$ 648,045.08
$ 651,285.30
$ 654,541.73
$ 657,814.44
$ 661,103.51
$ 664,409.03
$ 667,731.07
$ 671,069.73
$ 674,425.08
$ 670,309.70
$ 666,173.75
$ 662,017.12
$ 657,839.70
$ 653,641.40
$ 649,422.10
$ 645,181.71
$ 640,920.12
$ 636,637.22
$ 632,332.91
$ 628,007.07
$ 623,659.60
$ 619,290.40
$ 614,899.35
$ 610,486.35
$ 606,051.28
$ 601,594.03
$ 597,114.50
$ 592,612.57
$ 588,088.14
$ 583,541.07
$ 578,971.28
$ 574,378.63
$ 569,763.03
$ 565,124.34
$ 560,462.46
$ 555,777.27
$ 551,068.66
$ 546,336.50
$ 541,580.68
$ 536,801.08
$ 531,997.59
$ 527,170.08
$ 522,318.42
$ 517,442.52
$ 512,542.23
$ 507,617.44
$ 502,668.02
$ 497,693.86
$ 492,694.83
$ 487,670.80
$ 482,621.66
$ 477,547.26
$ 472,447.50
$ 467,322.24
$ 462,171.35
$ 456,994.70
$ 451,792.17
$ 446,563.63
$ 441,308.95
$ 436,027.99
$ 430,720.63
$ 425,386.74
$ 420,026.17
$ 414,638.80
$ 409,224.49
$ 403,783.11
$ 398,314.53
$ 392,818.60
$ 387,295.19
$ 381,744.17
$ 376,165.39
$ 370,558.71
$ 364,924.00
$ 359,261.12
$ 353,569.93
$ 347,850.28
$ 342,102.03
$ 336,325.03
$ 330,519.16
$ 324,684.25
$ 318,820.17
$ 312,926.77
$ 307,003.91
$ 301,051.43
$ 295,069.18
$ 289,057.03
$ 283,014.81
$ 276,942.38
$ 270,839.59
$ 264,706.29
$ 258,542.32
$ 252,347.53
$ 246,121.77
$ 239,864.88
$ 233,576.70
$ 227,257.08
$ 220,905.87
$ 214,522.89
$ 208,108.01
$ 201,661.05
$ 195,181.85
$ 188,670.26
$ 182,126.11
$ 175,549.24
$ 168,939.48
$ 162,296.68
$ 155,620.66
$ 148,911.27
$ 142,168.32
$ 135,391.66
$ 128,581.12
$ 121,736.52
$ 114,857.70
$ 107,944.49
$ 100,996.71
$ 94,014.20
$ 86,996.77
$ 79,944.25
$ 72,856.47
$ 65,733.25
$ 58,574.42
$ 51,379.79
$ 44,149.18
$ 36,882.43
$ 29,579.34
$ 22,239.74
$ 14,863.43
$ 7,450.25
$ -
 Use of Excel fx functions:
Based on your amortisation schedule, calculate answers to Q1 to Q4 in the yellow highlight
Answer each question using one of the fx formula(s) from among =PV, =FV, =PMT, =RATE, =NPER, =IPMT, =PPMT, =
Q1 Total Loan cost (all repayments)

-$898,500.13

Q2 The amount of the loan outstanding at the end of month 70.

-$632,332.91

Q3 Suppose you could afford to repay an extra $1000 each month

(in addition to the required repayment) from month 61
onwards. In that case, the loan would be fully repaid sometime
in month:
102

Q4 The monthly loan repayment if there was no interest-only

period and you agreed to make Principal and Interest
repayments commencing from first month rather than month
61 (using same total loan term being equal to 60 plus contents
of cell C4). -$4,219.28
s to Q1 to Q4 in the yellow highlighted cells below (using excel fx TVM functions and referencing the Am
V, =FV, =PMT, =RATE, =NPER, =IPMT, =PPMT, =CUMIPMT, =CUMPRINC. Do NOT round but format as dollars and cents.
Answer must be positive (greater than 0) Useful clue:Total loan cost is just the total of all amounts paid
over the whole loan term ignoring time value of money. Don't
use =SUM() as it is not in the list of eligible formulas above. You
can use one of the eligle formulas in conjunction with a multiply
or divide or plus or minus.

Answer must be positive (greater than 0) Useful clue:You won't use =SUM(). Use an eligible formula from
among those in red above.

Answer must be positive (greater than 0).
Must be a whole number.
Useful clue: You need to consider the NPER with the higher
repayment. However, you should exercise thought as to how to
denote the answer…given you must indicate which month
allowing for 60 months of interest free. Investigate the
=ROUNDUP() function to ensure your answer is a whole
number.

Answer must be positive (greater than 0) Useful clue: You need to modify the repayment based on total
loan period of C4 plus 60.
ns and referencing the Amortisation Schedule cells)
dollars and cents.
of all amounts paid
lue of money. Don't
formulas above. You
nction with a multiply

eligible formula from

R with the higher

thought as to how to
te which month
vestigate the
wer is a whole

ment based on total

C4 Amortisation
Schedule
contents are
here, n*m: 180
AMORTISATION SCHEDULE Possible Marks
Calculations
Cell C3 number of years (using =SUM()) and ref cells 15 (-1/2 possible)
Interest only repayment. Shows as negative. -2500 (-1/2 possible)

Repayment (shows as negative) -$ 7,487.50 (-1 mark possible)

Within Schedule Column B uses formulas with cell refs (-1/2 possible)
Column B uses formulas with cell refs (-1/2 possible)
Column B uses formulas with cell refs (-1/2 possible)
Column B uses formulas with cell refs (-1/2 possible)
TOTAL THIS SECTION NOT LESS THAN 0 2

Use of absolute cell references

Column B where relevant (-1/2 possible)
Column C where relevant (-1/2 possible)
Column D where relevant (-1/2 possible)
Column E where relevant (-1/2 possible)
TOTAL THIS SECTION NOT LESS THAN 0 2
Format
Gridlines, Yes? (Y) (-1/2 possible)
Currency format, yes? (Y) (-1/2 possible)
TOTAL THIS SECTION NOT LESS THAN 0 1
ADDED QUESTIONS

Q1 Total Loan cost (all repayments) -$898,500.13 (-1/2 possible)

Q2 The amount of the loan outstanding at the end of month 70. -$632,332.91 (-1/2 possible)

Q3 Suppose you could afford to repay an extra $1000 each month 101.52 (-1/2 possible)
(in addition to the required repayment) from month 61
onwards. In that case, the loan would be fully repaid
sometime in month:
Q4 The monthly loan repayment if there was no interest-only -$4,219.28 (-1/2 possible)
period and you agreed to make Principal and Interest
repayments commencing from first month rather than month
61 (using same total loan term being equal to 60 plus contents
of cell C4).

TOTAL THIS SECTION NOT LESS THAN 0 2

OTHER DEDUCTIONS, wrong Student id, wrong filename or lodgement
out of 7