I am very sorry I screwed up the formula and put in number of periods in place of the interest rate in the FV function
I have now fixed it and added a new column that shows the increased monthly rent amount
The amended formula is
=IF( B15>=$E$5, IF(MOD(B15-$E$5,$E$6)=0, FV($E$3,INT((B15-$E$5)/$E$6)+1,0,-D15), FV($E$3,INT((B15-$E$5)/$E$6)+1,0,-D15) ), 0 )
But if the interest rate is annual then the rate would have to be divided by 12
=IF ( B15>=$E$5, IF(MOD(B15-$E$5,$E$6)=0, FV($E$3/12,INT((B15-$E$5)/$E$6)+1,0,-D15), FV($E$3/12,INT((B15-$E$5)/$E$6)+1,0,-D15) ), 0 )
There are four new columns
One that shows the amount of increase in rent at the interest rate
Second column that shows the total new increased rent
And the third column that shows the increase in rent when the rate is annual
And the fourth column that shows the total increased rent at this rate
Sorry about the confusion, your problem ate away 5 hours of my time so you owe me $100 as I charge $20/hrjust kidding
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