MKCL Advanced Excel

Assignment 20
The PMT function calculates the payment for a loan based on constant payments
and a constant interest rate. This has been used in cell B5. You want to know the
monthly payment amount of this loan for varying loan tenures and interest rates
at a glance. Create a two-variable data table by following the instructions:

1) Open the provided file ‘Assignment20.xlsx.’ in Microsoft Excel.

2) Save the file as ‘Assignment20.xlsx.’ and upload in your e-Portfolio. Make
sure to upload the Excel open file.
3) Given below is a sample final file for clear understanding. Refer to it and
perform the actions accordingly.

The rate of interest should vary

from 7% to 12% at intervals of
0.5%. Use this as the Column Input

The loan tenure should vary from

60 months to 120 months at
intervals of 12 months. Use this
as the Row Input

Format the result cells in the Apply font size to

Data Table as per the Monthly “11” pt. to the result
Payment (EMI) cell figure in the cells in the Data Table
table at the top

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