As you might guess, one of the domains in which Microsoft Excel really excels is business math. Brush up on the stuff for your next or current job with this howto. In this tutorial from everyone's favorite digital spreadsheet guru, YouTube's ExcelIsFun, the 30th installment in his "Excel Business Math" series of free video lessons, you'll learn how to solve business math word problems that involve rate of change (increase or decrease).
 Hot
 Latest

How To: Find a PValue with Excel

How To: Create a Basic Attendance Sheet in Excel

How To: Create a percentage frequency table in Microsoft Excel

How To: Insert a picture or clip art in MS Word 2007

How To: Generate random numbers (with decimals) in Excel

How To: Update inventory records by formula in Microsoft Excel

How To: Repeat each successive date in an Excel date column

How To: Create an Excel spreadsheet to calculate your GPA

How To: Create a dynamic weekly chart in Microsoft Excel

How To: Create an Excel inventory template with running totals

How To: Calculate monthly retirement income in Microsoft Excel

How To: Calculate probability in an Excel pivot table

How To: Instantly Change Blocks of 'CAPITALIZED TEXT' in Microsoft Word to 'Lowercase Letters'

How To: Use the IF function with letter grades in Excel

How To: Insert video into a PowerPoint presentation

How To: Do bank reconciliation in Microsoft Excel

How To: Calculate a bonus in Microsoft Excel

How To: Extract part of a table from a larger table in Excel

How To: Calculate monthly sales with Excel's SUMPRODUCT & TEXT

How To: Copy and move worksheets in Microsoft Excel 2007

How To: Find a PValue with Excel

How To: Create a Basic Attendance Sheet in Excel

How To: Create a percentage frequency table in Microsoft Excel

How To: Insert a picture or clip art in MS Word 2007

How To: Generate random numbers (with decimals) in Excel

How To: Update inventory records by formula in Microsoft Excel

How To: Repeat each successive date in an Excel date column

How To: Create an Excel spreadsheet to calculate your GPA

How To: Create a dynamic weekly chart in Microsoft Excel

How To: Create an Excel inventory template with running totals

How To: Calculate monthly retirement income in Microsoft Excel

How To: Calculate probability in an Excel pivot table

How To: Instantly Change Blocks of 'CAPITALIZED TEXT' in Microsoft Word to 'Lowercase Letters'

How To: Use the IF function with letter grades in Excel

How To: Insert video into a PowerPoint presentation

How To: Do bank reconciliation in Microsoft Excel

How To: Calculate a bonus in Microsoft Excel

How To: Extract part of a table from a larger table in Excel

How To: Calculate monthly sales with Excel's SUMPRODUCT & TEXT

How To: Copy and move worksheets in Microsoft Excel 2007
1 Comment
Dear WonderHowTo users,
I have buiness math project and I need for help how to solve it on Excel
and this is the project:
Athena secured a 5/1 adjustable rate mortgage (ARM) loan 5 years ago. The amount of the loan was $N (where N = six last digits of your student ID number) for K years (where K = your age), with interest rate 5.50%/year compounded annually. Currently, the interest rate for their ARM (after the reset) is 6.50% compounded annually. (Athena will continue making these new payments for K5 years until the loan is amortized).
a) What was the annual payment during the first 5 years?
b) What is remaining principal on the loan?
c) What is the new annual payment?
d) Compute the total interest paid over the life of both parts of the loan.
Based on your computations, set up an excel spreadsheet table that records the amount of the outstanding principal, interest and payments in each period and compute the total interest paid over the life of both loans by adding numbers in the interest column.
the doctor gave us today and tomorrow last day for to submit
thanks
Share Your Thoughts