Reading Challenge

Excel Loan Sheet

A. Write the missing words in the boxes provided.

1. You can figure the interest on loans using an Excel function and by supplying .

2. The PMT function calculates loan payments using regular, payment amounts and an interest rate.

3. An

argumentis information that tells the what to calculate.4. The formula in Excel to figure out interest payments is .

B. The sign * represents... (Check one box)

division

addition

multiplication

subtractionC. Write a simple explanation or definition, in your own words, for the following terms. [If you want to look up each word before you write, go to . Type the word in the box provided and press ENTER. Then come back to this page and define the words.]

interest -

financial -

balance -

tuition -

mortgage -

identical -

unchanging -

NAME: _________________________________

When you finish, print this page, sign it, and place it in your folder or portfolio.

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