Answered Essay: Instructions: For the purpose of grading the project you are required to perform the following tasks

Instructions:

For the purpose of grading the project you are required to perform the following tasks:

Step Instructions Points Possible
1 Open the downloaded file exploring_e02_grader_a1.xlsx. 0
2 Insert a lookup function in cell C5 to display the basic annual membership cost for the first client. 2
3 Insert a function in cell B2 to display the current date. 2
4 Use an IF function in cell E5 to calculate the annual total amount, which is the sum of the basic cost and locker fees for those who rent a locker. For people who do not rent a locker, the annual cost is only the cost shown in column C. The Locker column displays Yes for clients who rent a locker and No for those who don’t. 2
5 Calculate the annual total amount due in cell G5 for the first client based on the annual total and the number of years in the contract. Copy the three formulas down their respective columns. 2
6 Insert a lookup function in cell H5 to display the amount of down payment for the first client based on the membership type. 3
7 Insert a formula in cell I5 to calculate the balance due on the membership. Copy the formulas for the rest of the clients. 3
8 Insert the PMT function in cell J5 to calculate the first client’s monthly payment, using appropriate relative and absolute cell references. Copy the formula down the column. 5
9 Calculate totals for Annual Total, Total Due, Down Payment, Balance, and Monthly Payment on row 14. 3
10 Insert the appropriate functions in the Summary Statistics section of the worksheet: cells H18:H22. Format the payments with Accounting number format and format the number of new members appropriately. 3
11 Format the other column headings on rows 4 and 17 to match the fill color in the range E17:H17. Wrap text for the column headings. 3
12 Set 0.3” left and right margins and ensure that the page prints on only one page. 1
13 Insert a footer with your name on the left side, the date code in the center, and the file name on the right side. 1
14 Save and close the workbook. Submit the file as directed. 0

Health & Fitness Gym 2 Date Prepared Cost Locker Annual Total Years Total Due own Paymen Balance Monthly Payment Client Membership Yes Yes 0 5 Andrews 6 Baker 7 Carter 8 Dudley 9 Evans 10 Foust 11 Gardner 12 Hart 13 Ivans Deluxe Individual Family Deluxe Deluxe Individual Individual Individual Individual Yes 0 Yes Totals Cost wn Payment 575$250 Summary Statistics Number of New Members 17 Membership 18 Deluxe 19 Family 20 Individual est Monthly Payment Average Monthly Payment Maxium Monthly Payment Median Monthly Payment $1,500 700 300 150 2 LOcker Fee 23 Interest Rate 24 Months Per Yea 25 26 75 5.75% 12

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