Hello! I have a series of questions I need help with:
In cell C10, enter a database function to display the date of the apartment that had the oldest remodel date based on the filtered data. Format the result with Short Date format.
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.
In cell E5, enter a financial function to calculate the monthly payment. In cell E6, insert a financial function to calculate the cumulative excel total interest paid throughout the loan. Make sure the results display as positive numbers.
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.
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.
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.
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.
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.
Solved by E. C. in 15 mins