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Simple Interest Word Problem Worksheet by cbu17764

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Simple Interest Word Problem Worksheet document sample

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									Instructions for the Microsoft Excel Templates

Be advised, the worksheet and workbooks are not protected.

Extensive detail and information is contained within the manual.

Striking the "F1" key or following the path "Windows>Excel Help" will invoke the Office Assistant and bring up one
of several help menus.

You should enter your name, course ID, and date name into the cells at the top of the page.

Each page contains a page footer with a Page # of Page ## as well as time and date to assist in assembly of
multiple pages.

Each worksheet contains the identification of the problem or exercise.

All formatting should have been accomplished to provide satisfactory presentation. See the text for additional
assistance in formatting.

There should be no need to insert columns or rows into the workbooks.

If more than one page is required by the problem, the page breaks are preset.

In general, the yellow highlighted cells are the cells which work and effort should be presented.

Place the proper account title in the cell where the word "Account title" appears on the template.

Place the value in the cell where the word "Value" or "Amount" appears on the template. A formula may be placed
in some of these cells.

Write a formula into cells where the word "Formula" appears. In these cells, an amount calculated can be
entered. An amount can be placed in these cells.

Place the explanation for the entry in the cell where the word "Text Explanation" appears on the template.

Insert the account number where "Acct Nbr" appears on the template during posting.

Insert the journal reference where "JOURN #" appears on the template during posting.

Insert the title in the cell where "TITLE" appears on the template.

The print area is defined to fit onto 8 1/2" X 11" sheets in portrait or landscape mode as required.

The gray filled cells define the perimeter of the problem and the print area.

The problem is formatted for whole dollars with comma separations (no cents) except where required.

The display may have "Freeze Pane" invoked so column titles remain visible during data entry.

Negative values may be shown as ($400) or -$400.




                                 Instructions, Page 1 of 3, 11/21/2010, 10:20 PM
Consider using "Split" panes to assist in copy and paste of data.

Much of the exercises and problems can have data entered by the "look to" or "=A34" type formula where cell
A34 contains the data to be entered. This precludes typing and data entry errors.




                                 Instructions, Page 2 of 3, 11/21/2010, 10:20 PM
Name:
Exercise: E6-2, Simple and Compound Interest Computations
Course:
Date:
Lyle O’Keefe invests              $30,000          at          8%      annual interest, leaving the
money invested without withdrawing any of the interest for      8      years. At the end of the
       8         years, Lyle withdrew the accumulated amount of money.

Instructions:
(a) Compute the amount Lyle would withdraw assuming the investment earns simple interest.
  Text Title                                                                                   Formula
  Text Title                                                                                   Amount
    Text Title                                                                                 Formula

(b) Compute the amount Lyle would withdraw assuming the investment earns interest compounded
   annually.
  Text Title                                                                               Formula
  Text Title                                                                               Amount
    Text Title                                                                             Formula

(c) Compute the amount Lyle would withdraw assuming the investment earns interest compounded
    semi-annually.
  Text Title                                                                               Formula
  Text Title                                                                               Amount
     Text Title                                                                            Formula




                               Exercise 6-2, Page 3 of 3, 11/21/2010, 10:20 PM

								
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