In this project, you will use a PMT function to calculate a value and then use it in a two-variable data table. You will create named ranges and use them in formulas. Start Excel. Download, save, and open the workbook named . In cell B5, insert the PMT function using the data from the range B2:B4—be sure to divide the interest rate by , multiply the years by , and display the payment as a positive number. Use Goal Seek to change the amount of the loan so that the payment is $4,200 ( ). In cell A1, apply the Title cell style. In A7, type and then Copy the format from cell A1 to cell A7. Copy the range A2:B5, and then Paste the Values & Number Formatting to cell A8. In cell B2, type to restore the original loan amount. Use Goal Seek to change the period of the loan so that the payment is $4,200. In A13, type . Format the cell the same as cell A7. Copy the range A2:B5, and then Paste the Values & Number Formatting to cell A14. Display the value in B15 with two decimal places, and then in cell B3, type to restore the original value. On the Payment Table worksheet, in the range A2:B4, enter the following row titles and data. Format the Amount of Loan as Currency with 0 decimals. Format the Interest as Percentage with 2 decimals. In cell C8, type —the number of months in a 5-year loan. In D8, type —the number of months in a 10-year loan. Fill the series through cell H8. Apply Bold and center the range C8:H8. In the range B9:B16, enter varying interest rates in decrements of .5% beginning with and ending with If necessary format all the interest rates with two decimal places, and then bold and center the range. In cell B8, enter a PMT function using the information in cells B2:B4. Be sure that you convert the interest rate to a monthly rate and that the r
esult displays as a positive number. Create a Data Table in the range B8:H16 using the information in cells B2:B4 in which the Row input cell is the Period and the Column input cell is the Interest rate. Copy the format from cell B8 to the results in the data table. Format cell D16 with the Note cell style as the payment option that is closest to $4,200 per month. Display the Advertising Costs by Quarter worksheet, and then apply appropriate Currency [0] cell style to the range B6:E6 and to the range B18:E18. Apply the Comma [0] cell style to the range B7:E17, and then apply the Total cell style to the range B18:E18. Name the following ranges: B6:E9 ; B10:E14 ; B15:E16 B17:E17 . Insert a new row 15. In cell A15, type In cell B15, type In cell C15, type In cell D15, type In cell E15, type . Display the Name Manager, click Digital_Costs, and then change cell E14 to . Select the Billboard_Costs, and Edit the name to . Display the Annual Advertising Costs sheet. Starting in cell B5, use the named ranges to sum the values for each of the costs and then sum all the costs in cell B9. Apply Currency [0], Comma [0], and Total cell styles to the appropriate cells. In the sheet tab row, right-click any sheet tab, and the click Select All Sheets. Display the Page Setup dialog box, click the Margins tab, and then under Center on page, click Horizontally. Ungroup the sheets, display the Hothouse Purchase sheet, and then set its Orientation to Landscape. Document properties should include the tags , . Ensure that the worksheets are correctly named and placed in the following order in the workbook: Hothouse Purchase, Payment Table, Advertising Costs by Quarter, Annual Advertising Costs. Save the workbook. Close the workbook and then exit Excel. Submit the workbook as directed.