Question: Please if you can provide the formulas but also briefly explain it so I understand. (Also not too sure if I did number 12 correctly,
Please if you can provide the formulas but also briefly explain it so I understand. (Also not too sure if I did number 12 correctly, please let me know if it's not correct).
I can't seem to uplad the excel file or I would.
| 12 | In the Loan sheet, insert formulas in the range E2:E4 to calculate the loan amount, the number of payment periods, and the monthly interest rate, respectively. Use cell references in all formulas. |
| 13 | In cell E5, enter a financial function to calculate the monthly payment. In cell E6, insert a financial function to calculate the cumulative total interest paid throughout the loan. Make sure the results display as positive numbers. | |
| 14 | In cell C11, enter a formula to reference the date stored in cell B7. Insert a nested function in cell C12 to calculate the date for the next payment. Nest the YEAR, MONTH, and DAY functions within the DATE function. Add 1 to the month result. Copy the function to the range C13:C34. | |
| 15 | In cell D11, enter a formula to reference the value stored in cell E2. Insert a formula in cell D12 that references the ending balance for the previous payment row (G11). Copy the formula in D12 to the range D13:D34. | |
| 16 | In cell E11, enter a financial function to calculate the interest paid. Copy the formula to the range E12:E34. The result should be a positive value. | |
| 17 | In cell F11, enter a financial function to calculate the principal payment. Copy the function to the range F12:F34. The result should be a positive value. | |
| 18 | In cell G11, enter a formula to calculate the ending balance. Copy the formula to the range G12:G34. Adjust the width of column G, if needed, to display the values. Select the range D11:G34 and apply Accounting Number Format. | |
| 19 | 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. |

File Home Insert Page Layout Data Review View Help Tell me what you want to do toum Logical Lookup & Refeee Define Name Use in Formula v Create from Selection 9Trace precedents Trace Dependents Remove Arrows Show Formulas Recently Used A Text Financial Math & Trig CheckingWatch Calculation E@ Evaluate Formula Name Function lE FiaD Date & TimeMore Functions r B w Window Options Function Library Defined Names Formula Auditing Calculation 1 Input Area 2 Complex Cost$1,850,000.00 3 Down Payment 750,000.00 4 # of Pmts per Year 5 Years 6 APR 7 1st Payment Date Summary Calculations Loan Amount No. Periods Monthly Rate Monthly Payment Total Interest Paid What If Collect Monthly Rent # of Units in Complex PV of Future Rent S 1,100,000.00 $2,000 0.40% 738.12 4.75% 3/1/2018 Payment Date Principal Interest PaidPayment Ending Balance 10 Payment # Beginning Balance 12 13 14 15 16 17 18 10 21 24 25 14 15 16 17 18 19 30 31 32 21 34 Summary Database Loan File Home Insert Page Layout Data Review View Help Tell me what you want to do toum Logical Lookup & Refeee Define Name Use in Formula v Create from Selection 9Trace precedents Trace Dependents Remove Arrows Show Formulas Recently Used A Text Financial Math & Trig CheckingWatch Calculation E@ Evaluate Formula Name Function lE FiaD Date & TimeMore Functions r B w Window Options Function Library Defined Names Formula Auditing Calculation 1 Input Area 2 Complex Cost$1,850,000.00 3 Down Payment 750,000.00 4 # of Pmts per Year 5 Years 6 APR 7 1st Payment Date Summary Calculations Loan Amount No. Periods Monthly Rate Monthly Payment Total Interest Paid What If Collect Monthly Rent # of Units in Complex PV of Future Rent S 1,100,000.00 $2,000 0.40% 738.12 4.75% 3/1/2018 Payment Date Principal Interest PaidPayment Ending Balance 10 Payment # Beginning Balance 12 13 14 15 16 17 18 10 21 24 25 14 15 16 17 18 19 30 31 32 21 34 Summary Database Loan
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