EX16_XL_CH07_GRADER_CAP_HW - Apartment Complex 1.9 (Part 2)

You own five apartment complexes. You created a dataset listing the apartment numbers, apartment complex names, number of bedrooms, rental price, whether the apartment is occupied or not, and the date the apartment was last remodeled. You want to insert some functions to perform calculations to help you decide which apartments need to be remodeled. To focus on the apartments that need to be remodeled, you will use advanced filtering and database functions for your analysis. Finally, you are considering purchasing a sixth apartment complex. You will perform some financial calculations and analysis to help you decide if you will purchase the complex.

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