In this project, you will realize that you really need to invest in a new computer to complete course assignments for the school’s use. You will create a worksheet, use the PMT function, and format a worksheet to show a comparison of two electronic computers that you are interested in purchasing. You will make a comparison of the two items and determine which one is feasible to purchase.

• The      Excel PMT function is used to calculate the payment for a loan based on      constant payments and a constant interest rate.
• Click      here for more information on how to use      the PMT function.

To complete this assignment, perform the following tasks:

1. Data      has been provided for you to generate a payment for each of the two      products to help determine which product is feasible for you to purchase      for school purposes. Click here to access the data.
2. The      loan parameters have been entered into the worksheet. Click in cells B8      and E8 to calculate the amount to finance as Price – down payment –      rebate.
3. Calculate      the payment on B10 and E10.
• Hint:       Click Insert function and select PMT for payment.
4. Save      the workbook as      “FirstInitial_LastName_Purchase_solution.xlsx”
5. Merge      and center the titles in Cells A1:E1. Format your worksheet by including      color as well as providing an appropriate clip art to accent the document.
6. Indent      the content in cells A4:A9 and show the Payment amount in font size 14.
7. Indent      the content in cells D4:D9 and show the Payment amount in font size 14.
8. Save      the School Computer Purchase Analysis spreadsheet. Close the workbook and      then exit Excel.

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