Exp19_Excel_Ch07_Cap_Real_Estate
Project Description:
You are the office manager for a real estate company in northern Utah County. You tracked real estate listings, including city, agent, listing price, sold price, etc. Agents can represent a seller, a buyer, or both (known as dual agents). Your assistant prepared the spreadsheet structure with agent names, agent types, the listing and sold prices, and the listing and sold dates. You want to complete the spreadsheet by calculating the number of days each house was on the market before being sold, agent commissions, and bonuses. In addition, you will use conditional functions to calculate summary statistics. For further analysis, you will insert a map chart to indicate the average house selling price by city. Finally, you will create a partial loan amortization table and calculate cumulative interest and principal to show a potential buyer to help the buyer make decisions.
Steps to Perform:<\/p>\n
Step<\/p>\n
Instructions<\/p>\n
Points \u00a0\u00a0\u00a0Possible<\/p>\n
1<\/p>\n
Start \u00a0\u00a0Excel. Download and open the file named Exp19_Excel_Ch07_Cap_RealEstate.xlsx. \u00a0\u00a0Grader has automatically added your last name to the beginning of the \u00a0\u00a0filename.<\/p>\n
0<\/p>\n
2<\/p>\n
The \u00a0\u00a0spreadsheet contains codes (BA, DA, SA) to represent agent roles (Buyer\u2019s \u00a0\u00a0Agent, Dual Agent, Seller\u2019s Agent). You want to switch the codes for the \u00a0\u00a0actual descriptions.\u00a0\u00a0In cell E12 of the Details sheet, insert the SWITCH function to evaluate the \u00a0\u00a0agent code in cell D12. Include mixed cell references to the codes and roles \u00a0\u00a0in the range J2:K4 for the values\u00a0\u00a0and results arguments. use all cell references in the function. Copy the \u00a0\u00a0function to the range E13:E39.<\/p>\n
5<\/p>\n
3<\/p>\n
Now you want to calculate the number \u00a0\u00a0of days between the list date and sale date.\u00a0
\u00a0\u00a0In cell J12, insert the DAYS function to calculate the number of days between \u00a0\u00a0the Listing Date and the Sale Date. Copy the function to the range J13:J39.<\/p>\n
5<\/p>\n
4<\/p>\n
You want to \u00a0\u00a0calculate agent commissions based on their role.\u00a0
\u00a0\u00a0In cell K12, insert the IFS function to calculate the agent\u2019s commission \u00a0\u00a0based on the agent code and the applicable rates in the range L2:L4. Use \u00a0\u00a0relative and mixed references correctly. Copy the function to the range \u00a0\u00a0K13:K39.<\/p>\n
5<\/p>\n
5<\/p>\n
You want to calculate a bonus if the \u00a0\u00a0sold price was at least equal to the listing price, and if the house sold \u00a0\u00a0within 30 days after being listed.\u00a0
\u00a0\u00a0In cell L12, insert an IF function with a nested AND function to calculate a \u00a0\u00a0bonus. The AND function should ensure both conditions are met: Sold Price \u00a0\u00a0divided by the Listing Price is greater than or equal to 100% (cell L7) and \u00a0\u00a0the Days on Market are less than or equal to 30 (cell L8). If both conditions \u00a0\u00a0are met, the bonus is $1,000 (cell L9). Otherwise, the bonus is $0. Use mixed \u00a0\u00a0cell references to the input values in the range L7:L9. Copy the function to \u00a0\u00a0the range L12:L39.<\/p>\n
5<\/p>\n
6<\/p>\n
The top-left \u00a0\u00a0section of the spreadsheet is designed for summary statistics for one \u00a0\u00a0condition. You will calculate average selling prices and the number of houses \u00a0\u00a0sold in each city (the condition).\u00a0
\u00a0\u00a0In cell B2, insert the AVERAGEIF function to calculate the average Sold Price \u00a0\u00a0for houses in the city of Alpine. Use mixed references for the range; use a \u00a0\u00a0relative reference to cell A2. Copy the function and use the Paste Formulas \u00a0\u00a0option to paste the function in the range B3:B5 so that the bottom border in \u00a0\u00a0cell B5 is preserved.<\/p>\n
5<\/p>\n
7<\/p>\n
You want to count the number of \u00a0\u00a0houses in one city.\u00a0
\u00a0\u00a0In cell C2, insert the COUNTIF function to count the number of houses in the \u00a0\u00a0city of Alpine. Use mixed references for the range; and use a relative \u00a0\u00a0reference to cell A2. Copy the function and use the Paste Formulas option to \u00a0\u00a0paste the function in the range C3:C5 so that the border in cell C5 is \u00a0\u00a0preserved.<\/p>\n
5<\/p>\n
8<\/p>\n
You want to \u00a0\u00a0calculate the total commissions for each agent (the condition).\u00a0
\u00a0\u00a0In cell B7, insert the SUMIF function to total the commissions by agent. Use \u00a0\u00a0mixed references for the ranges; and use a relative reference to cell A7. \u00a0\u00a0Copy the function and use the Paste Formulas option to paste the function in \u00a0\u00a0the range B8:B9 so that the borders are preserved.<\/p>\n
5<\/p>\n
9<\/p>\n
The top-middle section of the \u00a0\u00a0spreadsheet is designed for summary statistics for multiple conditions. You \u00a0\u00a0will calculate the number of houses sold for each agent when he or she served \u00a0\u00a0as a Dual Agent (DA). Use mixed references for ranges and the agent code \u00a0\u00a0condition in cell J3. Use relative cell references to the agent condition in \u00a0\u00a0cell E2. When you copy the formulas, use the paste Formulas options to \u00a0\u00a0preserve border formatting.\u00a0
\u00a0\u00a0In cell F2, insert the COUNTIFS function to count the number of houses sold \u00a0\u00a0by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that house. \u00a0\u00a0Use all cell references in the function. Copy the function to the range F3:F4 \u00a0\u00a0and preserve the bottom border for cell F4.<\/p>\n
5<\/p>\n
10<\/p>\n
You are \u00a0\u00a0ready to calculate the total value of those houses for each agent when he or \u00a0\u00a0she served as a Dual Agent (DA). Use mixed references for ranges and the \u00a0\u00a0agent code condition in cell J3. Use relative cell references to the agent \u00a0\u00a0condition in cell E2. When you copy the formulas, use the paste Formulas \u00a0\u00a0options to preserve border formatting.\u00a0
\u00a0\u00a0In cell G2, insert the SUMIFS function to sum the selling prices of the \u00a0\u00a0houses sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for \u00a0\u00a0that house. Copy the function to the range G3:G4 and preserve the bottom \u00a0\u00a0border for cell G4.<\/p>\n
5<\/p>\n
11<\/p>\n
Now, you will calculate the \u00a0\u00a0highest-price house highest-price house sold for each agent when he or she \u00a0\u00a0served as a Dual Agent (DA). Use mixed references for ranges and the agent \u00a0\u00a0code condition in cell J3. Use relative cell references to the agent \u00a0\u00a0condition in cell E2. When you copy the formulas, use the paste Formulas \u00a0\u00a0options to preserve border formatting.\u00a0
\u00a0\u00a0In cell H2, insert the MAXIFS function to display the highest-price house \u00a0\u00a0sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that \u00a0\u00a0house. Copy the function to the range H3:H4 and preserve the borders in the \u00a0\u00a0range H3:H4.<\/p>\n
5<\/p>\n
12<\/p>\n
The Map worksheet \u00a0\u00a0contains a list of cities, postal codes, and average house sales. You will \u00a0\u00a0insert a map chart to depict the averages visually using the default gradient \u00a0\u00a0fill colors.\u00a0
\u00a0\u00a0Display the Map worksheet, select the range B1:C5 and insert a map chart.<\/p>\n
5<\/p>\n
13<\/p>\n
Cut the map chart and paste it in cell A7. \u00a0\u00a0Set a 2.31\u2033 height and 3.62\u2033 width.<\/p>\n
3<\/p>\n
14<\/p>\n
You want to enter \u00a0\u00a0a meaningful title for the map.\u00a0
\u00a0\u00a0Change the map title to Average Selling Price \u00a0\u00a0by Zip Code.<\/p>\n
3<\/p>\n
15<\/p>\n
Display the Format Data Series task pane, \u00a0\u00a0select the option to display only regions with data, and show all labels. \u00a0\u00a0Close the task pane.<\/p>\n
2<\/p>\n
16<\/p>\n
You are ready to start completing the loan \u00a0\u00a0amortization table.\u00a0
Display the Loan \u00a0\u00a0worksheet. In cell B8, type a reference formula to cell B1. The balance \u00a0\u00a0before the first payment is identical to the loan amount. Do not type the \u00a0\u00a0value; use the cell reference instead. In cell B9, subtract the principal \u00a0\u00a0from the beginning balance on the previous row. Copy the formula to the range \u00a0\u00a0B10:B19.<\/p>\n
5<\/p>\n
17<\/p>\n
Now, you will calculate the interest \u00a0\u00a0for the first payment.\u00a0
\u00a0\u00a0In cell C8, calculate the interest for the first payment using the IPMT \u00a0\u00a0function. Copy the function to the range C9:C19.<\/p>\n
5<\/p>\n
18<\/p>\n
Next, you \u00a0\u00a0will calculate the principal paid.\u00a0
\u00a0\u00a0In cell D8, calculate the principal paid for the first payment using the PPMT \u00a0\u00a0function. Copy the function to the range D9:D19.<\/p>\n
5<\/p>\n
19<\/p>\n
Rows \u00a0\u00a021-23 contain a summary section for cumulative totals after the first year.\u00a0
\u00a0\u00a0In cell B22, insert the CUMIPMT function that calculates the cumulative \u00a0\u00a0interest after the first year. Use references to cells A8 and A19 for the \u00a0\u00a0period arguments.<\/p>\n
5<\/p>\n
20<\/p>\n
The next summary statistic will calculate the \u00a0\u00a0principal paid after the first year.\u00a0
\u00a0\u00a0In cell B23, insert the CUMPRINC function that calculates the cumulative \u00a0\u00a0principal paid after the first year. Use references to cells A8 and A19 for \u00a0\u00a0the period arguments.<\/p>\n
5<\/p>\n
21<\/p>\n
Rows \u00a0\u00a025-28 contain a section for what-if analysis.\u00a0
\u00a0\u00a0In cell B27, use the RATE financial function to calculate the periodic rate \u00a0\u00a0using $1,400 as the monthly payment (cell B26), the NPER, and loan amount in \u00a0\u00a0the original input section.<\/p>\n
5<\/p>\n
22<\/p>\n
In cell B28, calculate the APR by multiplying the \u00a0\u00a0monthly rate (cell B27) by 12.<\/p>\n
4<\/p>\n
23<\/p>\n
Create \u00a0\u00a0a footer on all three worksheets with your name on the left side, the sheet \u00a0\u00a0name code in the center, and the file name code on the right side of each \u00a0\u00a0worksheet.<\/p>\n
3<\/p>\n
24<\/p>\n
Save and close Exp19_Excel_Ch07_Cap_RealEstate.xlsx. \u00a0\u00a0Exit Excel. Submit the file as directed.<\/p>\n
0<\/p>\n
Total \u00a0\u00a0Points<\/p>\n
100<\/p>\n","protected":false},"excerpt":{"rendered":"
Exp19_Excel_Ch07_Cap_Real_Estate Project Description: You are the office manager for a real estate company in northern Utah County. You tracked real estate listings, including city, agent, listing price, sold price, etc. Agents can represent a seller, a buyer, or both (known as dual agents). Your assistant prepared the spreadsheet structure with agent names, agent types, the … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2623","post","type-post","status-publish","format-standard","hentry","category-essaywr"],"_links":{"self":[{"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/posts\/2623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/comments?post=2623"}],"version-history":[{"count":0,"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/posts\/2623\/revisions"}],"wp:attachment":[{"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/media?parent=2623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/categories?post=2623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/academicwritersbay.com\/writings\/wp-json\/wp\/v2\/tags?post=2623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}