Question: 1 Use Error Checking to check for errors in the worksheet. Do not make any changes in cell F 7 . For cell F 1

1

Use Error Checking to check for errors in the worksheet.

Do not make any changes in cell F

7 .

For cell F

10,

replace

the cell reference for cell B

10

with C

10

in the formula bar.

Close the Error Checking dialog box when finished.

Now Elena asks you to calculate the annual principal and interest payments for the

airport shuttle service expansion. Go to the Loan Details worksheet. In cell B

9,

enter a

formula using the CUMPRINC function to calculate the cumulative principal paid for

Year

1 (

payment

1

in cell

B 7

through payment

4

in cell B

8) .

Use

0

as the type

argument in your formula because payments are made at the end of the period. Use

absolute neferences for the rate, nper, and pv arguments, which are listed in the range

3

3 .

Use relative references for the start and end arguments. Fill the range C

9

9

Now Elena asks you to calculate the annual principal and interest payments for the

airport shuttle service expansion. Go to the Loan Details worksheet. In cell B

9,

enter a

formula using the CUMPRINC function to calculate the cumulative principal paid for

Year

1 (

payment

1

in cell

B 7

through payment

4

in cell B

8) .

Use

0

as the type

argument in your formula because payments are made at the end of the period. Use

absolute neferences for the rate, nper, and pv arguments, which are listed in the range

3

3 .

Use relative references for the start and end arguments. Fill the range C

9

9

Now Elena asks you to calculate the annual principal and interest payments for the

airport shuttle service expansion. Go to the Loan Details worksheet. In cell B

9,

enter a

formula using the CUMPRINC function to calculate the cumulative principal paid for

Year

1 (

payment

1

in cell

B 7

through payment

4

in cell B

8) .

Use

0

as the type

argument in your formula because payments are made at the end of the period. Use

absolute neferences for the rate, nper, and pv arguments, which are listed in the range

3

3 .

Use relative references for the start and end arguments. Fill the range C

9

9

1 Use Error Checking to check for errors in the

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