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Below is the questions and the Excel sheet. a-'y . ?. ?:1. a.E ||Emphasis Heading 11 Norrnal?!Normal L Strong E Sub Paragraph Styles In the
Below is the questions and the Excel sheet.
a-'y . ?. ?:1. a.E ||Emphasis Heading 11 Norrnal?!Normal L" Strong E Sub Paragraph Styles In the Loan sheet, insert formulas in the range E2:E4 to calculate the loan arnount, the number of payment periods, and the monthly interest rate, respectively. Use cell references in all formulas In cell E5, enter a finandal function to calculate the monthly payment. In cell E6, insert a finandal function to calculate the cumulative total interest paid throughout the loan. Make sure the results deplay as positive numbers. In cell C11, enter a formula to reference the date stored in ell 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 range1.5 C13:034. In cell D11, enter a formula to reference the value stored in cell E2. Insert a formula in cell 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 15 D12 that references the ending balance for the previous payment row (G11). Copy the 16 range E12:E34. The result should be a positive value. In cell F11, enter a finandial function to calculate the principal payment. Copy the function to the range F12:F34. The result should be a positive value 17 In cell G11, enter a formula G12:G34. Adjust the width of column G, if needed, to display the values. Select the range D11:G34 and apply Accounting Number Format. to calculate the ending balance. Copy the formula to the range In cell 14 insert a financial function to calculate the present value of the total monthly rent waill collect for the 8 units for 30 years. Use the number of periods and monthly rate in the 19 Summary Calculations section and the cell references in the What If section. The result should be a positive valueStep by Step Solution
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