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Exp22_Excel_Ch07_ML1_RealEstate | Exp22 Excel Ch07 ML1 RealEstate_Myitlab_excel_complete_Solution


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#realestate #Ch07_ML1_Exp22_Excel#Real_Estate_Ch07
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#Excel_Ch07_ML1#Excel_Ch07#excel_ch07_ml1_realestate#ml1_realestate


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Exp22_Excel_Ch07_ML1_RealEstate

Project Description:
You are the office manager for a real estate company. 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). You prepared a spreadsheet with agent names, agent types, the listing and sold prices, and the listing and sold dates. Now you want to complete calculate 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.
1 Start Excel. Download and open the file named Exp22_Excel_Ch07_ML1_RealEstate.xlsx. Grader has automatically added your last name to the beginning of the filename.
2 The spreadsheet contains codes (BA, DA, SA) to represent agent roles (Buyer’s Agent, Dual Agent, Seller’s Agent). You want to switch the codes for the actual descriptions.

In cell E12 of the Details sheet, insert the SWITCH function to evaluate the agent code in cell D12. Include mixed cell references to the codes and roles in the range J2:K4 for the values and results arguments. use all cell references in the function. Copy the function to the range E13:E39.

3 Now you want to calculate the number of days between the list date and sale date.

In cell J12, insert the DAYS function to calculate the number of days between the Listing Date and the Sale Date. Copy the function to the range J13:J39.
4 You want to calculate agent commissions based on their role.

In cell K12, insert the IFS function to calculate the agent’s commission based on the agent code and the applicable rates in the range L2:L4. Use relative and mixed references correctly. Copy the function to the range K13:K39.

5 You want to calculate a bonus if the sold price was at least equal to the listing price, and if the house sold within 30 days after being listed.

In cell L12, insert an IF function with a nested AND function to calculate a bonus. The AND function should ensure both conditions are met: Sold Price divided by the Listing Price is greater than or equal to 100% (cell L7) and the Days on Market are less than or equal to 30 (cell L8). If both conditions are met, the bonus is $1,000 (cell L9). Otherwise, the bonus is $0. Use mixed cell references to the input values in the range L7:L9. Copy the function to the range L12:L39.
6 The top-left section of the spreadsheet is designed for summary statistics for one condition. You will calculate average selling prices and the number of houses sold in each city (the condition).

In cell B2, insert the AVERAGEIF function to calculate the average Sold Price for houses in the city of Alpine. Use mixed references for the range; use a relative reference to cell A2. Copy the function and use the Paste Formulas option to paste the function in the range B3:B5 so that the bottom border in cell B5 is preserved.
7 You want to count the number of houses in one city.