Office 2013 – myitlab:grader – Instructions Exploring - Access Chapter 3: Assessment Project 1
Retirement Accounts
Project Description:
One-Stop Finance is a company that works with Clients in all areas of finance. They assist with banking, financial planning, mortgages, stock, insurance, retirement counseling, and debt consolidation. Cala Hamieh, one of the senior planners for the company, is hoping to extract information from the database. The company has a large database with hundreds of thousands of accounts, but to allow you to rapidly test your queries, you have created a smaller version of the database with a small amount of clients. Once you are confident your queries work, you can import them in to the main Access database.
Instructions:
For the purpose of grading the project you are required to perform the following tasks:
Step / Instructions / Points Possible /1 / Start Access. Open the downloaded Access file named exploring_a03_Grader_a1. / 0
2 / Create a query using Query Design. From the Clients table, display the client’s first and last name. From the Accounts table, select the balance and account open date. Sort the query by balance in descending order.
Hint: On the CREATE tab, in the Queries group, click Query Design. To sort, click in the Sort row of the Balance field, click the arrow, and then click Descending. / 5
3 / Add a calculated field named AccountTime that calculates the number of days each client’s accounts have been open. Assume today’s date is 12/31/2017. Recall dates must be enclosed in # to denote to Access it is a date. Format the results in General Number format. Save the query as Account Longevity, and close the query.
Hint: To create the calculated field, enter AccountTime: #12/31/2017#-[OpenDate] in the first empty field. To format the field, right-click the field and click Properties. To save the query, right-click the query tab and click Save. / 10
4 / Create a query using Query Design. From the Clients table, display the client first name and last name. From the Accounts table, select the balance.
<!--StartFragment-->
We did not cover totals queries. It’s useful but due to the
lack of time, we skipped it. Hence, this item is ungraded (zero point
allocation).
<!--EndFragment-->
/ 0
5 / Add appropriate grouping so the client’s total retirement account balances are displayed. Add a sort so the highest total account balances are displayed first.
<!--StartFragment-->
We did not cover totals queries. It’s useful but due to the
lack of time, we skipped it. Hence, this item is ungraded (zero point
allocation).
<!--EndFragment-->
Hint: To add the grouping, on the DESIGN tab, in the Show/Hide group, click Totals, then click in the Total row for the Balance field. Click the arrow and then click Sum. / 0
6 / Switch to Datasheet view. Add a totals row displaying the count of the clients and the average of total account balances. Save the query as Total Balances By Client, and close the query.
<!--StartFragment-->
We did not cover totals queries. It’s useful but due to the
lack of time, we skipped it. Hence, this item is ungraded (zero point
allocation).
<!--EndFragment-->
Hint: To switch views, on the Design tab, in the Results group, click View. To display the total row, on the Home tab, in the Records group, click Totals. / 0
7 / Create a copy of the Total Balances By Client query. Name the query Total Balances By State. Open the query in Design view and remove the client name from the query. Add grouping by the client’s state.
<!--StartFragment-->
We did not cover totals queries. It’s useful but due to the
lack of time, we skipped it. Hence, this item is ungraded (zero point
allocation).
<!--EndFragment-->
Hint: To create a copy of the query, right-click the query in the navigation pane and click Copy. / 0
8 / Sort by the client’s state in Ascending order. Add criteria so clients with retirement account balances of $10,000 or more are factored in to the query. Save and close the query.
<!--StartFragment-->
We did not cover totals queries. It’s useful but due to the
lack of time, we skipped it. Hence, this item is ungraded (zero point
allocation).
<!--EndFragment-->
/ 0
9 / Create a new query using Query Design. From the Clients table, select the client first name, last name, and state. From the Accounts table, select the Balance. Add criteria so only customers with balances under $15,000 are displayed. / 10
10 / Add a new field using the Expression Builder named LoanPayment. Insert the PMT function to determine the monthly payment for a 2-year loan, paid monthly, with a 5% yearly interest rate. The present value is 25000 minus the balance. For example, if you took out a loan and had 5000 in savings, your present value would be 20000. Ensure the number displays as a positive number.
Hint: To add the field, click in the first blank field and then on the DESIGN tab, in the Query Setup group, click Builder. The expression is LoanPayment: -Pmt(0.05/12,24,25000-[Balance]) / 15
11 / Change the format of the LoanPayment field to Currency. Change the caption to Loan Payment. Save the query as Monthly Loan Payments and close the query.
Hint: On the Design tab, in the Show/Hide group, click Property Sheet.You can also use an expression to change the format to currency.
LoanPaymentCur: Cur([LoanPayment])
/ 10
12 / Close all database objects. Close the database and then exit Access. Submit the database as directed. / 0
Total Points / 50
Updated: 04/15/2013 1 A_CH03_EXPV1_A1_Instructions.docx