8/2/2019 BM - Midterm - Sample

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HANOI UNIVERSITY FACULTY OF MANAGEMENT AND TOURISM

MIDTERM TESTBUSINESS MODELING

STUDENT FULL NAME ___________________________________________ID______________MAJOR:______ 

TUTOR:_________________________________ TUT:_______ DATE: ______________ TIME: 30 MINS

 Instruction:

- You are required to complete the midterm test (including section A and B) by using Excel.

-  During the test, you must not communicate with your friends under any form. Please refer to the invigilator if yo

experience any problem.

-  If you are found cheating, or opening any program other than Excel, you will be asked to go out and receive 0 (Zer

 for your midterm test.

A. Preparation [1.25 mark]

1. Open Excel 2007. Make sure not to open any other program. [0 mark]

2. Create a new Excel file, save it as “StudentID_Your name_Tut no_first OR second section.xls”. For exampl

0904010050_Nguyen Van A_Tut 1_1.xls. [0.25 mark]

3. Delete all worksheet except one, rename it “Student profile”. Make the worksheet tab red [0.25 mark]

4. In “Student profile”, write your name, major, student type (standard / second major / transferring / etc.), ID, t

number, your session, date and time of the test. [0.5 mark]

5. Insert a new worksheet named “Midterm test”. [0.25 mark]

B. Problem [ 8.75 mark ]

In the “Midterm test” worksheet, create one model to solve the following problem:

As of Jan 1st, 2011, you want to buy a car and are given two payment methods as follow:

A1. Pay now: to pay VND 500 millionA2. Pay by annuity: to pay for 5 years, each year pays 3 times at the beginning of each period. The amount paid eac

time is VND 44 million.

Regardless of your choice, the first payment will occur today.

Using your information, you estimate that the interest rates of the next 5 years are most likely be i1=14%, i2=13%

i3=15%, i4=16%, and i5=17%. Current interest rate is 12%

Requirements:

1. Create the model [ 2 marks ]

2. Will i5 be useful? Why? [0.25 mark]? Calculate the present value (PV) of A2 [2.5 marks]. Which opti

should you take? [0.25 marks ]

3. Write a formula to compare the PV of A1 and A2. Your answer should be like “PV of A1 is greater than P

of A2 by 15%”, for example. [ 1 marks]

4. Assuming the interest rate of the next 5 years is constant at 12%, what shall be the periodic payment amou

of option A2 so that both options are the same financially? [1 mark]

5. Write a formula in a proper cell to warn the user if they provide wrong data: the number of year for th

annuity provided must be an integer number from 2 ~ 10. [1 mark]6. Use conditional formatting to highlight your answer: Option A1 will be red, A2 is green, and if both option

are ok then fill your answer yellow. [ 0.5 mark]

7. Properly protect the model with the password “BM”. [0.25 mark]

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Midterm test - 1 of