Major Assignment 3 Excel Grading Sheet

Rubric Category(% weighting for assignment)

Requirements for full credit

(optional for student use) Did you meet the requirements?

Possible Points

Your Points

% Score for Rubric Category

Rubric Score

Project Budget(15%)

You have entered your full name in the field provided. (Note that entering your name on this sheet is required in order to complete the assignment.)

2

You have listed at least 8 budget items total with at least 1 item in each category.

8

You have entered the number of times purchased and purchase amount for each item, and at least 3 items are purchased more than once.

8

Your Total Cost for each item is a formula multiplying the number of times purchased by the purchase amount, using appropriate cell references.

16

Your Subtotal formulas are correct for each of your 4 sections.

16

You have explicitly formatted your Cost Per Purchase, Total Cost, and Subtotal cells to display as Currency with the $ sign and 2 decimal places of precision. (1/2 point each)

10

Subtotals

60

0

0.00%

Unsatisfactory

Budget Summary and Analysis(11%)

You have transferred your Subtotals from the Budget to the Summary and Analysis section, using formulas with cell references.

8

Your Budget Total is correctly calculated from your Subtotals as a formula using cell references.

4

Your Percentage of Total formulas are correctly calculated from the Subtotals and Budget Total in the Summary section, using cell references.

16

Subtotal and Budget Total cells are formatted as Currency showing the $ symbol and with 2 decimal places of precision, and percentages are formatted as Percentage with 1 decimal place.

9

Subtotals

37

0

0.00%

Unsatisfactory

CPI Values, Slope, Y-Intercept, and Cost Projection(16%)

Your month and year entries are correct following the first (generated) values.

10

Your CPI values are correct for the months and years given.

6

Your slope and y-intercept formulas are correct and use the appropriate Excel functions.

8

The year number to use for your CPI projection is correct, and you have brought your Budget Total forward using an Excel formula with appropriate cell reference.

4

Your formulas to calculate the projected CPI value, 5-year inflation rate, and 5-year budget projection are correct.

12

Your formatting is correct for all cells: your CPI values are formatted as number with 3 decimals of precision; your 5-year inflation rate is formatted as a percentage with 2 decimal places; and your 5-year budget and budget projection are formatted as currency with the $ symbol and 2 decimal places.

12

Subtotals

52

0

0.00%

Unsatisfactory

Funding – Inputs(5%)

Your interest rates correctly match the corresponding entries from the table for the years and months given.

6

Your 5-year projected budget total is brought forward from the Project Budget and Projection sheet, using an Excel formula.

2

Your interest rates are formatted as percentages with 2 decimals and your budget total is formatted as currency using the $ symbol and 2 decimal places.

4

Subtotals

12

0

0.00%

Unsatisfactory

Sponsorship, Fundraising, and Loan Payment Calculations(12%)

For your Sponsorship calculation, your number of compoundings and time inputs are correct, and your principal amount and 5-year sponsorship amount are correct Excel formulas using appropriate cell references.

12

For your Fundraising calculation, your number of compoundings and time inputs are correct, and your 5-year fundraising total calculation is a correct Excel formula using appropriate cell references.

8

For your Loan calculation, your number of payments and time inputs are correct, and your additional amount and monthly payment calculations are correct Excel formulas using appropriate cell references.

12

All cells with dollar amounts are explicitly formatted as Currency using the $ symbol and with 2 decimal places. Cells with n or t entries are formatted as Number with 0 decimal places.

11

Subtotals

43

0

0.00%

Unsatisfactory

1 Enter your full name in the blue-shaded box here. If your full name is less than 10 letters long, add additional letters ‘X’ at the end until you reach length 10.

Assignment Advisory: You must use the latest desktop version of Excel for Microsoft 365 for this assigment. (This is provided free by GCU; contact the Help Desk for more information and help installing the software.) Using an earlier version of Excel or a different spreadsheet program may result in missing or corrupted template elements. Copying cells from or into this template may likewise result in corrupted data.

Legend

2a Below, you will develop a budget for your project, including entries for personnel costs (for yourself, other paid individuals, legal or consulting services, etc.); administrative costs (rents, fees, utilities, insurance, IT costs, office supplies, travel, etc.); outreach costs (advertising, recruitment, fundraising, etc.); and program costs (supplies for use in assistance, cash distributions, payments for direct services to recipients, etc.). You must enter at least 8 budget items in all. Each category must have at least one budget item. For at least 3 budget items, your expense quantity must be greater than one. Format all costs as Currency with 2 decimal places. To start, modify the cost of your time as appropriate.

2b Here, use Excel formulas to transfer the subtotals and total from your budget into this table, and then calculate the percentage of the budget total represented by each category. Format the costs as Currency with two decimal places and the percentages as Percentage with one decimal place.

If a cell is shaded

You should

Blue

Enter a text response

Green

Enter a number

Gold

Enter an Excel formula

Any other color

Make no changes

Budget Summary and Analysis

Budget Category

Subtotal

Percentage of Total

Personnel Costs

$1,000.00

Administrative Costs

Outreach Costs

Project Budget

Program Costs

Personnel Costs

Budget Total

Budget Item

Quantity needed

Cost Per Item

Total Cost

Costs of your time (per week)

1

$1,000.00

$1,000.00

Budget Cost Projection

3a Below, you will generate a 5-year projected cost for your budget, starting with your budget total. You will base your projection on CPI values that you look up. Use this procedure to look up the CPI value: 1. Go to Bureau of Labor Statistics page link https://data.bls.gov/cgi-bin/surveymost?cu 2. Check the box to the left of text “U.S. city average, All items – CUUR0000SA0” 3. Press the “Retrieve Data” button at the bottom of the list. This should take you to a CPI table for about the last 10 years.First, fill in the CPI value for the given month and year. Then, fill in the CPI values for the next 6 years, advancing exactly one year for each value. For example, if you start in February 2011, your next CPI value will come from February 2012. Format your CPI values as Numbers with 3 decimals of precision.

Subtotal:

$1,000.00

Administrative Costs

Budget Item

Quantity needed

Cost Per Item

Total Cost

Subtotal:

Outreach Costs

Year Number

CPI Value

Month

Year

Budget Item

Quantity needed

Cost Per Item

Total Cost

1

Your full name entry must be longer

Your full name entry must be longer

2

3

4

5

Subtotal:

6

Program Costs

3b Now, from the year number and CPI values, find the slope and y-intercept of the best-fit line for your CPI values.

Budget Item

Quantity needed

Cost Per Item

Total Cost

Slope (m)

Y-Intercept (0, b)

3c Finally, project the CPI forward an additional 5 years using your slope and intercept; calculate the 5-year inflation rate from your year 6 CPI value and the calculated value; and apply the inflation rate to your budget total to find a 5-year budget projection.

Subtotal:

The Year Number to use for your further 5-year projection(If you project forward another 5 years from year 6 in the chart above, what year will you be at then?)

The projected CPI value for that year

The 5-year inflation rate based on the last CPI value in the table and the projected CPI value

Your Budget Total (brought forward from above)

Your 5-year Budget Total Projection

CPI Values

Your name (brought forward from the Monthly Budget sheet):

0

4 On this sheet, you will consider how to cover the projected cost of your Project Budget. In particular, you will calculate the 5-year balance for a percentage of your projected cost assumed to be invested at a given interest rate with annual compounding; the 5-year balance for a given monthly donation amount invested at a second interest rate; and a monthly loan payment required for a 5-year loan to cover the remainder of your 5-year projected cost, using a third interest rate.Start by looking up rates to use as APRs in the following historical table of 30-year fixed mortgage rates: http://www.freddiemac.com/pmms/pmms30.html

Enter these items as percentages or decimals; for example, a value of 4.03 in the table would be entered here as 4.03% or 0.0403. Also format each rate as a Percentage with 2 decimal places.

APR Year

Your full name entry must be longer

Your full name entry must be longer

Your full name entry must be longer

APR Month

Your full name entry must be longer

Your full name entry must be longer

Your full name entry must be longer

Interest Rate

5 Now, perform each of the calculations indicated. Please refer to the financial formulas section of the instructions for Major Assignment 3, where you will find the equations for the Compound Interest Formula, Future Value of Periodic Payments Formula, and Loan Payment Formula to use for the final calculation in the Sponsorship, Fundraising, and Loan Payment sections below, respectively. Important Note: for these calculations, you MUST use direct calculation formulas, and you MAY NOT use built-in Excel functions to calculate these values.Format all amounts (in the gold-shaded cells) as Currency with the $ symbol and 2 decimal places, and all n and t entries (in the green-shaded cells) as Number with 0 decimals.

Bring your 5-year projected budget total forward from the Project Budget and Projection sheet

6 Sponsorship (invest a fixed amount for 5 years with annual compounding)

8 Loan Payment (determine the monthly payment required for a 5-year loan to cover the remainder of the budget costs)

Percentage of your Budget Total to invest

Complete the first interest rate entry in section 4 above

The additional amount you need to cover your 5-year budget costs (P)

Principal amount to invest (P), based on your budget total and the percentage in B31

Your APR (r)

Complete the third interest rate entry in section 4 above

Your APR (r)

Complete the interest rate entry in section 4 above

Number of payments per year (n)

Number of compoundings per year (n)

Number of years (t)

Number of years (t)

The monthly loan payment (PMT)

Your 5-year sponsorship total

7 Fundraising (invest monthly donations for 5 years with monthly compounding)

Legend

Monthly contribution amount (PMT)

Complete the second interest rate entry in section 4 above

If a cell is shaded

You should

Your APR (r)

Complete the second interest rate entry in section 4 above

Blue

Enter a text response

Number of compoundings per year (n)

Green

Enter a number

Number of years (t)

Gold

Enter an Excel formula

Your 5-year fundraising total(Hint: use the “future value of periodic payments” formula in the assignments instructions)

Any other color

Make no changes

Mortgage Rates

…

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