Exam 15: Financial Functions, Data Tables, and Amortization Schedules Question

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Bill has a bicycle repair shop in his basement. He would like a larger workshop so he investigates taking out a loan to sanvert his garage to a workshop. He uses Excel to create an amortization schedule. Bill would like to borrow $50,000 and pay it off in 10 years. What samponents will he need to identify for a loan amortization schedule created on an Excel worksheet?

(Multiple Choice)
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Which of the following is the path to the Fill button?

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  In the acsampanying figure, the Print area box accepts a name or a ____ to print. In the acsampanying figure, the Print area box accepts a name or a ____ to print.

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To prevent sensitive data from being seen in a worksheet, you can hide the worksheet by clicking ____ on the shortcut menu.

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Names are ____ cell references.

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The PMT function has two arguments: rate and payment.

(True/False)
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A check mark in the ____ check box speeds up printing by ignoring formatting and not printing most graphics.

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When you format a cell to display percentages, Excel assumes that whatever you enter into that cell in the future will be a percentage.

(True/False)
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You can use ____________________ to indicate to Excel to leave the cell blank if an IF function's logical test is false.

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____ ensures that users do not change values inadvertently that are critical to the worksheet.

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In general, all cells in a worksheet should be ____________________ except those that require an entry by the user of the worksheet.

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Which of the following are PMT function arguments?

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Which of the following is the path to the Protect Sheet button?

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Ruth has a home office that she shares with her husband, Barret. She keeps track of her business profits and expenses in several worksheets. Barret decides he wants to unprotect one of the protected cells so he can replace one of the formulas. What did Ruth do to cause an error message to appear when Barret tries to change the protection?

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A cell name often is created from salumn and row titles.

(True/False)
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____________________ portions of a workbook lets you show only the parts of the workbook that the user needs to see.

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If you wish to allow another worksheet user to be able to manipulate some cells, leave those cells ____.

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A cell ____ often is created from salumn or row titles.

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A salumn border is an unused salumn with a significantly reduced width.

(True/False)
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An amortization schedule shows the ____ of a loan, and the amount of payment that applies to the principal and interest for each year over the life of the loan.

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