Objective: In this project you will create an Excel Workbook consisting of two worksheets. You will then use it to perform various financial calculations and answer the questions below. Specifically, it will be used to examine whether it is better to buy a home or rent, depending on things such as income, property and income taxes, appreciation, annual percentage rate, etc.
Submission: Your final submission should be a pdf containing the answers to each question below, and the Excel Workbook you created to answer the questions. Title your answers pdf as “Project 3 Answers – (your last name)”, and title your Excel Workbook as “Project 3 Workbook – (your last name)”. Your answers to each question should be given in complete sentences. If your answer is calculated by Excel, reference the cell you got the answer from. If you calculated the answer by hand using a formula or basic arithmetic, be sure to show enough work to justify your answer. The workbook will contain two worksheets within it (details on this are given throughout the questions).
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