Can someone help me with this assignment please?
7 In I25 of the CatastropheCoverageLowActivity worksheet calculate the Potential Cost to the Insured for the individual claim. This is the sum of the Copayment, the Payment towards the Deductible, and the Coinsurance.
8 Reuse your formula in cell I25 and paste it down to complete the “Potential Cost” column.
9 In Cell J25 of the CatastropheCoverageLowActivity worksheet calculate the running total of the cost to the insured after considering the annual maximum out-of-pocket cost by adding the current claim potential cost to the previous total and taking the lesser of that, and the annual maximum out-of-pocket.
10 Reuse your formula in cell J25 and paste it down to complete the “Total Cost…” column.
11 Use the Sum function in cell E36 of the CatastropheCoverageLowActivity worksheet to calculate the total of claim amounts.
12 In cell J36 of the CatastropheCoverageLowActivity worksheet, calculate the total of costs after limit to MAX out-of-pocket. Since the values in this field are a running total, the total cost is the value in column J for the last claim.
13 Calculate the total premium cost in cell E19 of the CatastropheCoverageLowActivity worksheet. The total premium cost is the monthly premium amount times 12.
14 Calculate the total medical payments in cell E20 of the CatastropheCoverageLowActivity worksheet. The total medical payments are equal to the total cost after limit to MAX out-of-pocket.
15 Calculate the total medical cost in cell E21 of the CatastropheCoverageLowActivity worksheet. The total medical cost is equal to the sum of the total premium expense and the total medical payments.
16 Copy the range F25:J25 from the CatastropheCoverageLowActivity worksheet and paste it into the same range on the CatastropheCoverageWithSurgery worksheet. You will be using the same logic for handling claims on the two worksheets, but the claims themselves will be different.
17 Reuse your formulas in cells F25:J25 of the CatastropheCoverageWithSurgery worksheet and paste them down to row 41 to complete the “Copayment” through “Cost after limit…” columns of the table.