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Follow steps – ## ExcelReviewassignment1.docx **## ExcelReviewassignment1.docx** SmartPhone Upgrade You have just graduated from college and before beginning your first professional job, you would like to purchase a new smartphone. You have the option to purchase the new phone in one payment or make monthly payments by taking advantage of a 36-mont…
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Follow steps – ## ExcelReviewassignment1.docx **## ExcelReviewassignment1.docx** SmartPhone Upgrade You have just graduated from college and before beginning your first professional job, you would like to purchase a new smartphone. You have the option to purchase the new phone in one payment or make monthly payments by taking advantage of a 36-month flex payment plan. The payment plan charges an APR of 1.75% for the service. Prior to making your payment decision, you would like to make a worksheet to calculate the monthly payment for Consumer Reports' top three smartphones for young professionals. 1. Start a new Excel workbook, save it as **SmartPhone_LastFirst**, and then rename Sheet1 to **FlexPay**. 2. Type **Flex Pay Calculator** in cell A1. Apply **bold, 20 pt** font size. **Blue, Accent 1,** font color. 3. Type **Inputs** in cell A2. Apply **Thick Outside Borders** to the **range A2:C2**. 4. Type **APR** and **# of payments** in the **range A3:A4**, and adjust the column width as needed. 5. Type **1.75%**, in **cell B3** and **36** in **cell B4**. Type **Outputs** in **cell A6**, Select the **range A6:C6**, and apply **Thick Outside Borders**. 6. Type **Model** in **cell A7**, **Price** in **cell B7**, and **Payment** in **cell C7**. Next enter the price information listed below in the **range A8:B10**. Adjust the column width as needed and apply **Currency Number Format** to the **range B8:C10**. | | | | — | — | | Example Table | | **Model** | **Price** | | iPhone | 949.00 | | Samsung Galaxy | 799.00 | | Google Pixel | 650.00 | 7. Use the PMT function in **cell C8** to calculate the monthly flex payment for the first option. Be sure to use the appropriate absolute, relative, or mixed cell references. Next use the fill handle to copy the function down, completing the **range C8:C10**. 8. Type **Highest payment**, **Average payment**, and **Lowest payment** in the **range A12:A14**. Resize column A as needed. 9. Use the MAX function in **cell B12** to calculate the highest flex payment, in **cell B13** use the AVERAGE function to calculate the average flex payment, and in **cell B14** use the MIN function to calculate the lowest flex payment. 10. Insert a footer with your name on the left side, the sheet name in the center, and the file name code on the right side of the worksheet. 11. Save and close the workbook. **Submit the assignment on Canvas.** **Do not email the assignment to the Professor.** Rubric **Office Assignment Rubric** | | | | | — | — | — | | Office Assignment Rubric | | **Criteria** | **Ratings** | **Pts** | | This criterion is linked to a Learning OutcomeOverall Assessment | | | | | | — | — | — | | **200 pts**<br>**Outstanding**<br>Completed all requirements outlined in the step by step assignment details. | **150 pts**<br>**Good**<br>Completed most of the requirements outlined in the step by step assignment details. | **0 pts**<br>**No Marks**<br>Failed to complete all requirements outlined in the step by step assignment details. | | 200 pts | | Total Points: 200 | **## ExcelReviewassignment1.docx** SmartPhone Upgrade You have just graduated from college and before beginning your first professional job, you would like to purchase a new smartphone. You have the option to purchase the new phone in one payment or make monthly payments by taking advantage of a 36-month flex payment plan. The payment plan charges an APR of 1.75% for the service. Prior to making your payment decision, you would like to make a worksheet to calculate the monthly payment for Consumer Reports' top three smartphones for young professionals. 1. Start a new Excel workbook, save it as **SmartPhone_LastFirst**, and then rename Sheet1 to **FlexPay**. 2. Type **Flex Pay Calculator** in cell A1. Apply **bold, 20 pt** font size. **Blue, Accent 1,** font color. 3. Type **Inputs** in cell A2. Apply **Thick Outside Borders** to the **range A2:C2**. 4. Type **APR** and **# of payments** in the **range A3:A4**, and adjust the column width as needed. 5. Type **1.75%**, in **cell B3** and **36** in **cell B4**. Type **Outputs** in **cell A6**, Select the **range A6:C6**, and apply **Thick Outside Borders**. 6. Type **Model** in **cell A7**, **Price** in **cell B7**, and **Payment** in **cell C7**. Next enter the price information listed below in the **range A8:B10**. Adjust the column width as needed and apply **Currency Number Format** to the **range B8:C10**. | | | | — | — | | Example Table | | **Model** | **Price** | | iPhone | 949.00 | | Samsung Galaxy | 799.00 | | Google Pixel | 650.00 | 7. Use the PMT function in **cell C8** to calculate the monthly flex payment for the first option. Be sure to use the appropriate absolute, relative, or mixed cell references. Next use the fill handle to copy the function down, completing the **range C8:C10**. 8. Type **Highest payment**, **Average payment**, and **Lowest payment** in the **range A12:A14**. Resize column A as needed. 9. Use the MAX function in **cell B12** to calculate the highest flex payment, in **cell B13** use the AVERAGE function to calculate the average flex payment, and in **cell B14** use the MIN function to calculate the lowest flex payment. 10. Insert a footer with your name on the left side, the sheet name in the center, and the file name code on the right side of the worksheet. 11. Save and close the workbook. **Submit the assignment on Canvas.** **Do not email the assignment to the Professor.** Rubric **Office Assignment Rubric** | | | | | — | — | — | | Office Assignment Rubric | | **Criteria** | **Ratings** | **Pts** | | This criterion is linked to a Learning OutcomeOverall Assessment | | | | | | — | — | — | | **200 pts**<br>**Outstanding**<br>Completed all requirements outlined in the step by step assignment details. | **150 pts**<br>**Good**<br>Completed most of the requirements outlined in the step by step assignment details. | **0 pts**<br>**No Marks**<br>Failed to complete all requirements outlined in the step by step assignment details. | | 200 pts | | Total Points: 200 |