1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BartSMP [9]
3 years ago
12

Add a new field named LoanPayment using the Expression Builder. Insert the Pmt function to determine the monthly payment for a 2

-year loan, paid monthly, with a 5% yearly interest rate. The present value is 25000 minus the savings balance. For example, if the purchase price were 25000, with 5000 in savings to put toward the purchase, your present value would be 20000. Ensure the number displays as a positive number.

Business
1 answer:
pogonyaev3 years ago
7 0

Solution and Explanation:

Step 1:  Start Access. Open the downloaded Access file named exploring_a03_Grader_a1.accdb.

Step 2:  Assume that there is a table Loans with the following attributes as shown in the screenshot.

Step 3:  Create a query using Query Design. From the Clients table, display the client’s FirstName and LastName. From the Accounts table, select the Savings Balance and OpenDate. Sort the query by savings balance in descending order.

   Add a calculated field named AccountTime that calculates the number of days each client’s accounts have been open. Assume today’s date is 12/31/2017. Recall dates must be enclosed in # to denote to Access it is a date. Format the results in General Number format. Save the query as Account Longevity, and close the query.

Step 4: Create a query using Query Design. From the Clients table, display the client first name and last name. From the Accounts table, select the savings balance.

   Add appropriate grouping, so the client’s total retirement account savings balances are displayed. Add a sort so the highest total savings balances are displayed first.

Step 5:  Switch to Datasheet view. Add a totals row displaying the count of the last name and the average of total savings balances. Save the query as Total Balances By Client and close the query.

Step 6:  Create a copy of the Total Balances By Client query. Name the query Total Balances By State. Open the query in Design view and remove the client name from the query. Add grouping by the client’s state.

   Sort by the client’s state in Ascending order and remove the sort on the savings balance. Add criteria so clients with retirement account savings balances of $10,000 or more are factored in to the query. Save and close the query.

Step 7:   Create a new query using Query Design. From the Clients table, select the client first name, last name, and state. From the Accounts table, select the Savings Balance. Add criteria so only customers with balances under $15,000 are displayed.

Step 8:  Enter the sample data (one record) as shown in the screenshot.

As present value is given as 25000, loan amount is taken as 25000.

As savings balance is given as 5000, savings balance is taken as 5000.

Step 9: SS

Step 10:  Then an expression builder is opened as shown in the screenshot:

Step 11:  Then enter the expression pmt(0.5/12, 2*12, - (Loan Amount] – [Savings balance]), 0, 0) as shown in the screenshot.

You might be interested in
When choosing a savings account to open, you should look for:
Damm [24]

Answer: A higher interest rate.

Explanation: Most savings accounts do not have a high interest rate at the moment.

6 0
2 years ago
An economic decision will affect all people, regardless of how they feel or believe
Serjik [45]
Wait is this a question? But yes, this is true.:-)
8 0
3 years ago
Read 2 more answers
To speed the process of surveying, surveyors use brass metal plates to record important information. The benchmarks, as they are
alexdok [17]

Answer: Construction surveys are those surveys that provide line and grade.

Explanation:

Benchmarks for surveying the construction site involves the fixed reference point along with a precisely published elevation levels. In the given condition, the brass metal plate is used to record and measure parameters from the set benchmark. This will save the time of the survey.

3 0
3 years ago
When does the appraisal process begin?
Nookie1986 [14]
The appraisal process is a procedure of which a higher authority or someone authorized to assess the abilities and the performance of the employees. In the choices above, it begins in letter a, when the manager defines performances standards for employees because this is considered to be an orientation for the employees of which they should apply before the assessing starts. Once they have ingested the performances standards, the assessing begins, or the so called appraisal process.
7 0
3 years ago
Spending by which sector is the largest single component of spending in the u.s. economy?
telo118 [61]
The sectors are international, household, business, and government.  The largest spending is consumption spending. That being said the answer would be household. 
3 0
3 years ago
Other questions:
  • Back2Work is considering replacing the receptionist who answers the phone with an automated answering system. Back2Work should _
    8·2 answers
  • While discussing their marketing campaign for a new product, the members of the cross-functional team responsible for Carver Inc
    13·2 answers
  • Model 25% with a 10×10 grid.
    7·1 answer
  • The principal functions of management are ___.
    15·1 answer
  • Diana Mark is the president of ServicePro, Inc., a company that provides temporary employees for not-for-profit companies. Servi
    10·1 answer
  • Bond valuationThe process of bond valuation is based on the fundamental concept that the current price of a security can be dete
    11·1 answer
  • The cost of the basket of goods in 2005 is $550 and the cost of the basket of goods in 2011 is $700. if 2005 is used as the base
    11·1 answer
  • As a sole proprietor, what are the ways in which you can raise money to establish your business, and make it grow?
    12·1 answer
  • A manager of a perfectly competitive firm observes that the marginal product of labor is 5 units per hour, the marginal product
    10·1 answer
  • Why do you think governments frequently attempt to control apartment rents but not house prices?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!