New Clients

Health & Fitness Gym
Date Prepared:
Client Membership Cost Locker Annual Total Years Total Due Down Payment Balance Monthly Payment
Andrews Deluxe Yes 1
Baker Individual Yes 2
Carter Family No 3
Dudley Deluxe No 2
Evans Deluxe Yes 3
Foust Individual No 1
Gardner Individual No 2
Hart Individual No 3
Ivans Individual Yes 3
Membership Cost Down Payment Summary Statistics
Deluxe $ 575 $ 250 Number of New Members
Family $ 1,500 $ 700 Lowest Monthly Payment
Individual $ 300 $ 150 Average Monthly Payment
Maxium Monthly Payment
Locker Fee $ 75 Median Monthly Payment
Interest Rate 5.75%
Months Per Year 12

Office 2016 – myitlab:grader – Instructions Excel Project

EX16_XL_CH02_GRADER_CAP_AS – Gym Management 1.7


Project Description: You are a sales representative at the local fitness center, Health & Fitness Gym. Your manager expects each representative to track weekly new membership data, so you created a spreadsheet to store data. Membership costs are based on membership type. Clients can rent a locker for an additional annual fee. You are required to collect a down payment based on membership type, determine the balance, and then calculate the monthly payment based on a standard interest rate. In addition, you calculate general statistics to summarize for your manager. Spot-check results to make sure you created formulas and functions correctly.


Instructions: For the purpose of grading the project you are required to perform the following tasks: Step Instructions Points Possible 1 Open the downloaded file exploring_e02_grader_a1.xlsx. 0.000 2 Insert a lookup function in cell C5 to display the basic annual membership cost for the first client. 10.000 3 Insert a function in cell B2 to display the current date. 5.000 4 Use an IF function in cell E5 to calculate the annual total amount, which is the sum of the basic cost and locker fees for those who rent a locker. For people who do not rent a locker, the annual cost is only the cost shown in column C. The Locker column displays Yes for clients who rent a locker and No for those who don’t. 10.000 5 In cell G5, enter a formula to calculate the total amount due for the first client based on the annual total and the number of years in the contract. Copy the three formulas in columns C, G, and E down their respective columns. 5.000 6 Insert a lookup function in cell H5 to display the amount of down payment for the first client based on the membership type. 10.000 7 Insert a formula in cell I5 to calculate the balance due on the membership. Copy the formulas for the rest of the clients. 5.000 8 Insert the PMT function in cell J5 to calculate the first client’s monthly payment, using appropriate relative and absolute cell references. Copy the formula down the column. 15.000 9 Calculate totals for Annual Total, Total Due, Down Payment, Balance, and Monthly Payment on row 14. 10.000 10 Insert the appropriate functions in the Summary Statistics section of the worksheet: cells H18:H22. Format the payments with Accounting number format and format the number of new members appropriately. 10.000 11 Format the other column headings on rows 4 and 17 to match the fill color in the range E17:H17. Wrap text for the column headings. 10.000 12 Set 0.3” left and right margins and ensure that the page prints on only one page. 5.000 13 Insert a footer with your name on the left side, the date code in the center, and the file name on the right side. 5.000 14 Save and close the workbook. Submit the file as directed. 0.000 Total Points 100.000

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