Question: In cell I4 insert a financial function to calculate the present value of the total monthly rent you will collect for the 8 units for
In cell I4 insert a financial function to calculate the present value of the total monthly rent you will collect for the 8 units for 30 years. Use the number of periods and monthly rate in the Summary Calculations section and the cell references in the What If section. The result should be a positive value. Hint: Insert the PV function.
Loan Amount $1,100,000.00
No. Periods 360
Monthly Rate 0.40%
Monthly Payment $5,738.12
Total Interest Paid $965,723.45
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