Hi Maria,
To calculate the annual rent amount based on the monthly rent, you can use a simple multiplication formula in
Microsoft Excel. Here are the steps:
- In your "Estimated Diner Expenses" worksheet, select the cell where you want to display the annual rent amount.
- Type the following formula into the cell: =1500*12 (assuming that the monthly rent is $1500).
- Press Enter on your keyboard.
- The cell should now display the annual rent amount, which in this case would be $18,000.
That's it! This formula multiplies the monthly rent by 12 to calculate the annual rent amount. You can use this same formula to calculate the annual amount for any other monthly expenses you have in your worksheet.