Start Access. Open the downloaded Access file named Exp19_Access_Ch03_ML1_Small_Business_Loans.accdb . Grader has automatically added your last name
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Start Access. Open the downloaded Access file named Exp19_Access_Ch03_ML1_Small_Business_Loans.accdb. Grader has automatically added your last name to the beginning of the filename. Note this file is an empty database. | 0 | ||||||||||||||||||||||||
2 | In Design view, create a new table. Add the first field named CustomerID with AutoNumber Data Type. Add Company as the second field name, and FirstName as the third field name. Accept the default data types. Save the Table with name as Customers. Click Yes, when prompted for defining Primary Key. | ||||||||||||||||||||||||
3 | Add the following fields to the Customers table (in this order), accepting the default data type of Short Text: LastName City State Zip Verify that CustomerID is the primary field. | ||||||||||||||||||||||||
4 | Save the table and switch to Datasheet view. Add the following records to the table:
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5 | Import the spreadsheet using the downloaded Excel file a03_h2_Loans.xlsx into a new table. Choose LoanID as the primary key and accept all other defaults in the Import Wizard. | ||||||||||||||||||||||||
6 | Open the Loans table in Design view. Change the InterestRate field format to Percent. Change the field size for the CustomerID field to Long Integer. Save and close the table. Click Yes when prompted that some data may be lost. | ||||||||||||||||||||||||
7 | Create a relationship between the CustomerID fields in the Customers and Loans tables. Enforce referential integrity. Save and close the Relationships window. | ||||||||||||||||||||||||
8 | creat a query using the two tables that will calculate the payment amount for each loan. Add the following fields: Company, LoanID, Amount, InterestRate, Term, and LoanClass, in that order. Sort the query by LoanID in ascending order. Save the query as Loan Payments. | ||||||||||||||||||||||||
9 | Use the Expression Builder to add a calculated field named Payment in the first blank column to calculate the loan payment for each loan using the Pmt function. Insert the appropriate field names in place of the placeholder arguments. Assume the loans have monthly payments (12 payments per year). Ensure the payment displays as a positive number. Run the query. | ||||||||||||||||||||||||
10 | Switch to Design view and change the format for the Payment calculated field to Currency. Run the query again to verify your change. | ||||||||||||||||||||||||
11 | In Datasheet view, add a Totals row. Use it to calculate the sum of the Amount column, the average InterestRate, and the average Term. Save and close the query. | ||||||||||||||||||||||||
12 | Create a copy of Loan Payments. Save the new query as Loan Payments Summary. Open the Loan Payments Summary query in Design view and rearrange the columns as follows: LoanClass, LoanID, Amount, and InterestRate. Delete columns Company, Term, and Payment. | ||||||||||||||||||||||||
13 | Group the Loan Payments Summary query by the LoanClass field. Display the number of loans in the LoanID column, the sum in the Amount column, and the average in the InterestRate column. Run the query. | ||||||||||||||||||||||||
14 | Switch to Design view and display the Property Sheet. For the LoanID field, change the caption to Loans. For the Amount field, change the caption to Total Amount and change the format to Currency. For the InterestRate field, change the caption to Avg Interest Rate and change the format to Percent. Run the query. Save and close the query. | ||||||||||||||||||||||||
15 | Close all database objects. Close the database and then exit Access. Submit the database as directed. |
Related Book For
Integrated Accounting
ISBN: 978-1285462721
8th edition
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
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