Exp19_Access_Ch03_CapAssessment – Retirement Accounts 1.1

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.

Start   Access. Open the downloaded Access file named Exp19_Access_Ch03_CapAssessment_Retirement_Accounts.accdb. Grader has automatically added   your last name to the beginning of the filename.

Create a query using Query   Design. From the Clients table, display the client’s FirstName and LastName.   From the Accounts table, select the Savings Balance and OpenDate. Sort the   query by Savings Balance in descending order. Save the query as Account   Longevity.

Add a calculated field named AccountTime that calculates the number of days each client’s accounts have been   open. Assume today’s date is 12/31/2019. Recall dates must be enclosed in # to denote to Access it is a   date. Format the results in General Number format. Run the query. Close the   query.

Create a query using Query   Design. From the Clients table, display the client’s FirstName and LastName.   From the Accounts table, select the Savings Balance.

Add appropriate grouping so the   client’s total retirement account savings balances are displayed. Add a sort   so the highest total savings balances are displayed first.

Switch to Datasheet view. Add a   totals row displaying the count of the last name and the average of total   savings balances. Save the query as Total Balances By Client and close the query.

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.

Sort by the client’s State in   Ascending order and remove the sort on the Savings Balance. Add criteria so   clients with retirement account savings balances of $12,000 or more are factored in to the   query. Switch to Datasheet view. Save and close the query.

Create a new query using Query   Design. From the Clients table, select the client FirstName, LastName, and   State. From the Accounts table, select the Savings Balance. Add criteria so   only customers with balances under $13,000 are displayed.

Add a new field named LoanPayment using the Expression Builder.   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 Savings Balance. For   example, if the purchase price were 25000, with 5000 in savings to put toward   the purchase, your present value would be 20000. Ensure the number displays   as a positive number.

Change the format of the   LoanPayment field to Currency. Change the caption to Loan Payment. Run the query. Save the query   as Monthly   Loan Payments   and close the query.