ZuoTi.Pro
Question

Enter a function to calculate the cumulative interest for the first payment Nin cell H8. Convert the CUMIPMT results to a positive number. Copy the function in cell H8 dowr to complete the CUMIPMT column.
media%2Fd15%2Fd155557a-1a9c-4ea3-9795-a1
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

$34,449.39 0.521% 2 Payment 575.00 3 APR 4 Years Loan Periodic Rate # of Payments 6.25% 5 Pmts per year Cumulative Payment Number Beginning Bac Monthly PaymentInterest Repayment Principal Repayment Ending Balance Interest Principal $34,449.39 $34,053.81 33,656.18 S33,256.47 $32,854.68 $32,450.80 32,044.81 $31,636.71 $31,226.49 $30,814.13 $30,399.62 $29,982.95 $29,564.11 $575.00 $575.00 $575.00 $575.00 $575.00 $575.00 $575.00 $575.00 $575.00 $575.00 5575.00 $575.00 $575.00 $179.42 $177.36 $175.29 $173.21 $171.12 $169.01 $166.90 $164.77 $162.64 $160.49 $158.33 $156.16 $153.98 $395.58 397.64 $399.71 $401.79 $403.88 $405.99 408.10 410.23 $412.36 414.51 $416.67 $418.84 $421.02 $34,053.81 33,656.18 $33,256.47 32,854.68 $32,450.80 $32,044.81 31,636.71 $31,226.49 30,814.1:3 $30,399.62 $29,982.95 29,564.11 $29,143.09 -CUMIPMT(SES3,SE$4,SES2,SA$8,A8,0) --CUMIPMTISE$3,SE$4,SE$2,SA$8,A9,0) -CUMIPMT(SE$3,SE$4,SE$2,SA$8,A10,0) -CUMIPMT(SE$3,SE$4,SES2,SA$8,A11,0) --CUMIPMTISE$3,SES4,SES2,SA$8,12,0) -CUMIPMT(SE$3,SE$4,SE$2,SA$8,A13,0) -CUMIPMT(SE$3,SE$4,SE$2,SA$8,A14,0) -CUMIPMT(SE$3,SES4,SES2,SA$8,15,0) --CUMIPMT(SE$3,SE$4,SE$2,SA$8,A16,0) -CUMIPMT(SE$3,SE$4,SE$2,SA$8,A17,0) -CUMIPMT(SE$3,SES4,SES2,SA$8,A18,0) -CUMIPMTISE$3,SE$4,SE$2,SA$8,A19,0) -CUMIPMT(SE$3,SE$4,SE$2,SA$8,A20,0)

0 0
Add a comment
Know the answer?
Add Answer to:
Enter a function to calculate the cumulative interest for the first payment Nin cell H8. Convert...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • questions 11-16 please!!!! 10 10 Insert the function in cell H5 to calculate the first customer's...

    questions 11-16 please!!!! 10 10 Insert the function in cell H5 to calculate the first customer's monthly payment, using appropriate relative and absolute cell references. Ensure the result is a positive number. Copy the formula down to complete column H. tior 11 00 8 Insert a function in cell H14 to calculate the total of all monthly payments in column Hand apply Currency Number Format to column H. 12 6 Insert a function in cell H18 to calculate the total...

  • On the Loan worksheet, in cell C9, enter a PMT function to calculate the monthly payment...

    On the Loan worksheet, in cell C9, enter a PMT function to calculate the monthly payment for the Altamonte Springs 2015 facilities loan. Ensure that the function returns a positive value and set the references to cells B5 and B6 as absolute references.

  • Enter a formula in cell C9 using the PMT function to calculate the monthly payment on...

    Enter a formula in cell C9 using the PMT function to calculate the monthly payment on a loan using the assumptions listed in the Status Quo scenario. In the PMT formula, use C6 as the monthly interest rate (rate), C8 as the total number of payments (nper), and C4 as the loan amount (pv). Enter this formula in cell C9, and then copy the formula to the range D9:F9. C9 A B D E F G 1 2 SpringLeaf Designs...

  • Oject Description: u own five apartment complexes. You created a dataset listing the apartment nu...

    please post with pictures of step by step solution oject Description: u own five apartment complexes. You created a dataset listing the apartment numbers, apartment complex mes, as last remodeled. You want artments need to number of bedrooms, rental price, whether the apartment is occupied or not, and the date the apartment to insert some functions to perform calculations to help you decide which be remodeled. To focus on the apartments that need to be remodeled, you will use vanced...

  • airements 1 In cell D11, by using cell references, calculate the monthly interest rate of the current credit card (1...

    airements 1 In cell D11, by using cell references, calculate the monthly interest rate of the current credit card (1 pt.). 2 In cell D12, by using cell references, calculate the interest payment on the current credit card (1 pt). Note: The output of the expression or function you typed in this cell is expected as a positive number. 3 In cell D13, by using cell references, calculate the monthly interest rate of the new credit card (1 pt.) 4...

  • enter a PMT function to calculate the monthly payment for the Altamonte Springs 2018 facilities loan

    on a loan worksheet in cell c9 enter a PMT function to calculate the monthly payment for the Altamonte Springs 2018 facilities loan. Ensure that the function returns a positive value and set the references to cells B5 and B6 as absolute references.

  • Please show the steps BoyuQuCh7CaseStudy - Excel File Insert Page Layout Formulas Data Review View Add-ins...

    Please show the steps BoyuQuCh7CaseStudy - Excel File Insert Page Layout Formulas Data Review View Add-ins ACROBAT QuickBooks Tell me what you want to do Sign in Share Σ Autosum Calibri Fill Paste в ㅣ u . re. O . . _ Ξ_ 트트 분 Merge & Center. $. % , 'i..g Conditional Format as Cell Insert Delete Format Sort & Find & Filter Select Formatting Table Styles Clipboard Font Alignment Number Cells Editing E3 Input Area Calculations 2 Facility...

  • Please show the equations. 1. Enter ="The interest rate is " in cell B34. Use the...

    Please show the equations. 1. Enter ="The interest rate is " in cell B34. Use the "&" function and the offset function to output the following in cell D34. The interest rate is 10%. (or whatever the value of the interest rate is). The output in cell B34 should update based on the current value in cell C32. You will need to use the OFFSET function to reference the interest rate. The row entry will be constant but the OFFSET...

  • You have recently become the CFO for Beta Manufacturing, a small cap company that produces auto parts

    EX16_XL_COMP_GRADER_CAP_AS - Manufacturing 1.6 Project Description:You have recently become the CFO for Beta Manufacturing, a small cap company that produces auto parts. As you step into your new position, you have decided to compile a report that details all aspects of the business, including: employee tax withholding, facility management, sales data, and product inventory. To complete the task, you will duplicate existing formatting, utilize various conditional logic functions, complete an amortization table with financial functions, visualize data with PivotTables, and lastly...

  •   Click cell H10, and enter an AVERAGEIFS function to determine the average salary of full-time...

      Click cell H10, and enter an AVERAGEIFS function to determine the average salary of full-time employees with at least one dependent. Format the results in Accounting Number Format   Use Advanced Filtering to restrict the data to only display full-time employees with at least one dependent. Place the results in cell A37. Use the criteria in the range H24:M25 to complete the function.

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT