Exp22_Excel_Ch06_Cumulative_AutoSales | Excel Chapter 6 Auto Sales Complete Solution

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Exp22_Excel_Ch06_Cumulative_AutoSales

Project Description:
You are the finance manager for Grossman Auto Sales. Your company offers in-house financing and as part of your duties you create reports detailing purchase options. You want to create a report to determine the optimal purchase price of a vehicle based on your customer’s budget. You also want to create one- and two-variable data tables to provide detailed payment options based on varying interest rates and down payments.
Download and open the file named Exp22_Excel_Ch06_Cumulative_AutoSales.xlsx. Grader has automatically added your last name to the beginning of the filename.
Create appropriate range names for Purchase Price (cell C5), Sales Tax (cell C6), Down Payment (cell C7), Months Financed (C8), APR (cell C9), Down Payment Amount (cell C12), Amount Financed (cell C13), and Tax Owed (cell C14). Create the range names using the Create from Selection method, using the values in the left column.
Edit the existing name range Tax_Owed to display as Tax. Note, Mac users, in the Define Name dialog box, add the new named range, and delete the original one.
Apply the range names to the existing formulas and functions in the worksheet.
Create a new worksheet labeled Range Names, paste the newly created range name information in cell A1, and then resize the columns as needed for proper display.
Use Goal Seek to determine the optimal purchase price to reach a $500 monthly payment with all other variables remaining unchanged.
Start in cell E5. Complete the series of substitution values ranging from $20,000 to $75,000 at increments of $5,000 vertically down column E. Apply Comma Style format to the range E5:E16 with two decimal points and preserve the thick bottom border on row 16.
Enter references to the Down Payment Amount, Tax Owed, and Monthly Payment (Cells F4, G4, and H4) in the correct location for a one-variable data table. Use range names where indicated.

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