Question

Enter a formula in cell B1 using the SUMPRODUCT function to calculate the total value of the current leases by multiplying the current monthly rents by the remaining months on each lease. Use the range names Rents and Leases.

Answer 1

Answer:

The answer is " =SUMPRODUCT(Rents, Leases in cell B1, and pressed Enter)".

Explanation:

The function "SUMPRODUCT" returns the total of products with their respective ranges or arrays. Its main operation is multiplying, although it is necessary to add, subtract, and divide.

To calculate the "SUMPRODUCT", we just click on the cell B1 and type the "SUMPRO" by typing the in cell B1, and double-clicked and apply the above formula that is "=SUMPRODUCT(Rents, Leases in cell B1, and pressed Enter)".