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7	In the Database sheet, enter conditions in the criteria range for unoccupied two- and three-bedroom apartments that need to be remodeled. Enter criteria as text only, without use of quotation marks. Be sure to enter the criteria separately in rows 3 and 4.	6
8	Apply an advanced filter based on the criteria range (A2:H4). Filter the existing database (range A15:H65) in place. Nine apartments meet the advanced filter conditions.	5
9	In cell C8, use the DCOUNTA database function to calculate the number of apartments that need to be remodeled based on the advanced filter you created.	5
10	In cell C9, use the DSUM database function to calculate the total value of monthly rent lost for the apartments that need to be remodeled based on the advanced filter you created.	5
11	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.	5
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.	6
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.	8
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.	6
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.	5
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.	6
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.	6
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.	6
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.	5
20	In the Loan sheet, set 0.5" left and right margins and repeat row 10 on all pages.	3
21	Save and close the workbook, and submit the file as directed.	0

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Criteria Range Years Since Remodel Unit # Apartment Complex # Bed Rental Price Occupied Last Remodel Recommendation Database Statistics No. of Apts. to Remodel Value of Lost Rent Year of Oldest Remodel List of Rental Property # Bed 1 1 Unit # 101 102 103 104 105 2 2 Apartment Complex Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rental Price 950 950 1,100 1,100 1,500 1,500 1,100 1,100 1,500 1 500 Occupied Yes Yes No Yes No Yes No Yes No You Last Remodel 4/1/2004 3/1/2013 11/15/2005 10/1/2015 10/1/2015 6/15/2004 11/1/2015 8/15/2009 8/15/2009 3 Years Since Remodel Recommendation 13.75 No Change 4.83 No Change 12.13 Need to Remodel 2.25 No Change 2.25 No Change 13.54 No Change 2.17 No Change 8.38 No Change 8.38 No Change 106 3 107 2 108 2 109 3 DIM.. 10/a/2006 Criteria Range Years Since Remodel Unit # Apartment Complex # Bed Rental Price Occupied Last Remodel Recommendation Database Statistics No. of Apts. to Remodel Value of Lost Rent Year of Oldest Remodel List of Rental Property # Bed 1 1 Unit # 101 102 103 104 105 2 2 Apartment Complex Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rental Price 950 950 1,100 1,100 1,500 1,500 1,100 1,100 1,500 1 500 Occupied Yes Yes No Yes No Yes No Yes No You Last Remodel 4/1/2004 3/1/2013 11/15/2005 10/1/2015 10/1/2015 6/15/2004 11/1/2015 8/15/2009 8/15/2009 3 Years Since Remodel Recommendation 13.75 No Change 4.83 No Change 12.13 Need to Remodel 2.25 No Change 2.25 No Change 13.54 No Change 2.17 No Change 8.38 No Change 8.38 No Change 106 3 107 2 108 2 109 3 DIM.. 10/a/2006