Question

Enter a reference to the remaining balance of payment 1 in cell b13. use the fill handle to copy the functions created in the prior steps down to complete the amortization table.

Answer 1

The steps described above are actions that are performed while editing an Excel Worksheet. See definitions below.

What is a reference in a Worksheet?

In a worksheet, a cell or range of cells that can be used to create a formula so that the values in those cells can be identified by the program in the worksheet to execute a calculation is referred to as Reference.

Functions on the other hand are formulas that have already been preset onto the worksheet and can be called up and used during a calculation or analysis.

A cell is the smallest unit in a worksheet.

It is to be noted that the Amortization Table indicated is not available, hence the general answer.

Learn more about worksheets at:
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