Here is a comprehensive walkthrough guide for the Excel on Rocky Top case “Project Your Budget” provided by one of our faculty fellows, Eric Kelley. The case is available in your ExPrep account in folder Excel on Rocky Top. Try it yourself, and if you get stuck, look for the solution in the videos.

TASK
You must model monthly spending over the next five years based on housing cost assumptions, an estimated car loan payment, a base monthly budget, and adjustments for inflation and seasonality. Then you’ll combine your forecasts with assumptions about salary, a starting savings balance, expected return from savings, and a credit card interest rate to model total savings and debt over five years.
FUNCTIONS USED
absolute references
conditional logic (e.g., “if” statements)
min/max
annuity payment calculations
xlookup
Video is divided in parts so you can easily skip to the part that you are stuck on to find out best solution.
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