You are the office manager for a real estate company in north-ern 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 list-ing 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. Perform Calculations 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 addition, you want to calculate the number of dates between the list date and sale date. Furthermore, you will calculate agent commissions based on their role and then calculate a bonus if the agent was a Dual Agent and if the house sold within 30 days after being listed.

1. Open e07c1RealEstate and save as e07c1RealEstate_LastFirst. Make sure the Details sheet tab is active.

2. Insert the SWITCH function in cell E12 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. Copy the function to the range E13:E39.

3. Insert the DAYS function in cell J12 to calculate the number of days between the Listing Date and the Sale Date. Copy the function to the range J13:J39.

4. Insert the IFS function in cell K12 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. Insert an IF function with a nested AND function in cell L12 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.

Calculate Cumulative Statistics for One Condition

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). Then you will calculate the total commissions for each agent (the condition).

6. Insert the AVERAGEIF function in cell B2 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. Insert the COUNTIF function in cell C2 to count the number of houses in the city of Alpine. Use mixed references for the range; and use a relative reference to cell A2. Copy the function and use the Paste Formu-las option to paste the function in the range C3:C5 so that the border in cell C5 is preserved.

8. Insert the SUMIF function in cell B7 to total the commissions by agent. Use mixed references for the ranges; and use a relative reference to cell A7. Copy the function and use the Paste Formulas option to paste the function in the range B8:B9 so that the borders are preserved. Calculate Cumulative Statistics for Two Conditions The top-middle section of the spreadsheet is designed for sum-mary statistics for multiple conditions. You will calculate the number of houses sold, the total value of those houses, and the highest-price house sold for each agent when he or she served as a Dual Agent (DA). Use mixed references for ranges and the agent code condition in cell J3. Use relative cell references to the agent condition in cell E2. When you copy the formulas, use the paste Formulas options to preserve border formatting.

9. Insert the COUNTIFS function in cell F2 to count the number of houses sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that house. Copy the function to the range F3:F4 and preserve the bottom border for cell F4.

10. Insert the SUMIFS function in cell G2 to sum the selling prices of the houses sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that house. Copy the function to the range G3:G4 and preserve the bottom border for cell G4.

11. Insert the MAXIFS function in cell H2 to display the highest-price house sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that house. Copy the function to the range H3:H4 and preserve the borders in the range H3:H4. Insert a Map The Map worksheet contains a list of cities, postal codes, and average house sales. You will insert a map chart to depict the averages visually using the default gradient fill colors.

12. Display the Map worksheet, select the range B1:C5 and insert a map chart.

13. Cut the map chart and paste it in cell A7. Set a 2.31″ height and 3.62″ width.

14. Change the map title to Average Selling Price by Zip Code. 15. Display the Format Data Series task pane, select the option to display only regions with data, and show all labels. Close the task pane.

Loan Amortization Your assistant set up the structure for inputs and a partial loan amortization table. You will insert formulas and functions to complete the table using appropriate mixed and relative cell refer-ences. In addition, you will calculate the cumulative interest and cumulative principal for the first year. Finally, you will calculate the monthly rate and APR that would result in a lower monthly payment. Make sure all results are positive.

16. Display the Loan worksheet. In cell B8, type a reference formula to cell B1. The balance before the first payment is identical to the loan amount. Do not type the value; use the cell reference instead. In cell B9, subtract the principal from the beginning balance on the previous row. Copy the formula to the range B10:B19.

17. Calculate the interest for the first payment using the IPMT function in cell C8. Copy the function to the range C9:C19.

18. Calculate the principal paid for the first payment using the PPMT function in cell D8. Copy the function to the range D9:D19.

19. Insert the CUMIPMT function in cell B22 that calculates the cumulative interest after the first year. Use references to cells A8 and A19 for the period arguments.

20. Insert the CUMPRINC function in cell B23 that calculates the cumulative principal paid after the first year. Use references to cells A8 and A19 for the period arguments.

21. Use the RATE financial function in cell B27 to calculate the periodic rate using $1,400 as the monthly payment (cell B26), the NPER, and loan amount in the original input section.

22. Calculate the APR in cell B28 by multiplying the monthly rate (cell B27) by 12.

Workbook Completion You are ready to complete the workbook by adding a footer with identifying information.

23. Create a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of each worksheet.

24. Save and close the file. Exit Excel. Based on your instructor’s directions, submit e07c1RealEstate_LastFirst.

You are the office manager for a real estate company in north-ern 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 list-ing 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. Perform Calculations 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 addition, you want to calculate the number of dates between the list date and sale date. Furthermore, you will calculate agent commissions based on their role and then calculate a bonus if the agent was a Dual Agent and if the house sold within 30 days after being listed.

1. Open e07c1RealEstate and save as e07c1RealEstate_LastFirst. Make sure the Details sheet tab is active.

2. Insert the SWITCH function in cell E12 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. Copy the function to the range E13:E39.

3. Insert the DAYS function in cell J12 to calculate the number of days between the Listing Date and the Sale Date. Copy the function to the range J13:J39.

4. Insert the IFS function in cell K12 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. Insert an IF function with a nested AND function in cell L12 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.

Calculate Cumulative Statistics for One Condition

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). Then you will calculate the total commissions for each agent (the condition).

6. Insert the AVERAGEIF function in cell B2 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. Insert the COUNTIF function in cell C2 to count the number of houses in the city of Alpine. Use mixed references for the range; and use a relative reference to cell A2. Copy the function and use the Paste Formu-las option to paste the function in the range C3:C5 so that the border in cell C5 is preserved.

8. Insert the SUMIF function in cell B7 to total the commissions by agent. Use mixed references for the ranges; and use a relative reference to cell A7. Copy the function and use the Paste Formulas option to paste the function in the range B8:B9 so that the borders are preserved. Calculate Cumulative Statistics for Two Conditions The top-middle section of the spreadsheet is designed for sum-mary statistics for multiple conditions. You will calculate the number of houses sold, the total value of those houses, and the highest-price house sold for each agent when he or she served as a Dual Agent (DA). Use mixed references for ranges and the agent code condition in cell J3. Use relative cell references to the agent condition in cell E2. When you copy the formulas, use the paste Formulas options to preserve border formatting.

9. Insert the COUNTIFS function in cell F2 to count the number of houses sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that house. Copy the function to the range F3:F4 and preserve the bottom border for cell F4.

10. Insert the SUMIFS function in cell G2 to sum the selling prices of the houses sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that house. Copy the function to the range G3:G4 and preserve the bottom border for cell G4.

11. Insert the MAXIFS function in cell H2 to display the highest-price house sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that house. Copy the function to the range H3:H4 and preserve the borders in the range H3:H4. Insert a Map The Map worksheet contains a list of cities, postal codes, and average house sales. You will insert a map chart to depict the averages visually using the default gradient fill colors.

12. Display the Map worksheet, select the range B1:C5 and insert a map chart.

13. Cut the map chart and paste it in cell A7. Set a 2.31″ height and 3.62″ width.

14. Change the map title to Average Selling Price by Zip Code. 15. Display the Format Data Series task pane, select the option to display only regions with data, and show all labels. Close the task pane.

Loan Amortization Your assistant set up the structure for inputs and a partial loan amortization table. You will insert formulas and functions to complete the table using appropriate mixed and relative cell refer-ences. In addition, you will calculate the cumulative interest and cumulative principal for the first year. Finally, you will calculate the monthly rate and APR that would result in a lower monthly payment. Make sure all results are positive.

16. Display the Loan worksheet. In cell B8, type a reference formula to cell B1. The balance before the first payment is identical to the loan amount. Do not type the value; use the cell reference instead. In cell B9, subtract the principal from the beginning balance on the previous row. Copy the formula to the range B10:B19.

17. Calculate the interest for the first payment using the IPMT function in cell C8. Copy the function to the range C9:C19.

18. Calculate the principal paid for the first payment using the PPMT function in cell D8. Copy the function to the range D9:D19.

19. Insert the CUMIPMT function in cell B22 that calculates the cumulative interest after the first year. Use references to cells A8 and A19 for the period arguments.

20. Insert the CUMPRINC function in cell B23 that calculates the cumulative principal paid after the first year. Use references to cells A8 and A19 for the period arguments.

21. Use the RATE financial function in cell B27 to calculate the periodic rate using $1,400 as the monthly payment (cell B26), the NPER, and loan amount in the original input section.

22. Calculate the APR in cell B28 by multiplying the monthly rate (cell B27) by 12.

Workbook Completion You are ready to complete the workbook by adding a footer with identifying information.

23. Create a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of each worksheet.

24. Save and close the file. Exit Excel. Based on your instructor’s directions, submit e07c1RealEstate_LastFirst.

You are the office manager for a real estate company in north-ern 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 list-ing 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. Perform Calculations 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 addition, you want to calculate the number of dates between the list date and sale date. Furthermore, you will calculate agent commissions based on their role and then calculate a bonus if the agent was a Dual Agent and if the house sold within 30 days after being listed.

1. Open e07c1RealEstate and save as e07c1RealEstate_LastFirst. Make sure the Details sheet tab is active.

2. Insert the SWITCH function in cell E12 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. Copy the function to the range E13:E39.

3. Insert the DAYS function in cell J12 to calculate the number of days between the Listing Date and the Sale Date. Copy the function to the range J13:J39.

4. Insert the IFS function in cell K12 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. Insert an IF function with a nested AND function in cell L12 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.

Calculate Cumulative Statistics for One Condition

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). Then you will calculate the total commissions for each agent (the condition).

6. Insert the AVERAGEIF function in cell B2 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. Insert the COUNTIF function in cell C2 to count the number of houses in the city of Alpine. Use mixed references for the range; and use a relative reference to cell A2. Copy the function and use the Paste Formu-las option to paste the function in the range C3:C5 so that the border in cell C5 is preserved.

8. Insert the SUMIF function in cell B7 to total the commissions by agent. Use mixed references for the ranges; and use a relative reference to cell A7. Copy the function and use the Paste Formulas option to paste the function in the range B8:B9 so that the borders are preserved. Calculate Cumulative Statistics for Two Conditions The top-middle section of the spreadsheet is designed for sum-mary statistics for multiple conditions. You will calculate the number of houses sold, the total value of those houses, and the highest-price house sold for each agent when he or she served as a Dual Agent (DA). Use mixed references for ranges and the agent code condition in cell J3. Use relative cell references to the agent condition in cell E2. When you copy the formulas, use the paste Formulas options to preserve border formatting.

9. Insert the COUNTIFS function in cell F2 to count the number of houses sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that house. Copy the function to the range F3:F4 and preserve the bottom border for cell F4.

10. Insert the SUMIFS function in cell G2 to sum the selling prices of the houses sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that house. Copy the function to the range G3:G4 and preserve the bottom border for cell G4.

11. Insert the MAXIFS function in cell H2 to display the highest-price house sold by the first agent (cell E2) who was a Dual Agent (DA) (J3) for that house. Copy the function to the range H3:H4 and preserve the borders in the range H3:H4. Insert a Map The Map worksheet contains a list of cities, postal codes, and average house sales. You will insert a map chart to depict the averages visually using the default gradient fill colors.

12. Display the Map worksheet, select the range B1:C5 and insert a map chart.

13. Cut the map chart and paste it in cell A7. Set a 2.31″ height and 3.62″ width.

14. Change the map title to Average Selling Price by Zip Code. 15. Display the Format Data Series task pane, select the option to display only regions with data, and show all labels. Close the task pane.

Loan Amortization Your assistant set up the structure for inputs and a partial loan amortization table. You will insert formulas and functions to complete the table using appropriate mixed and relative cell refer-ences. In addition, you will calculate the cumulative interest and cumulative principal for the first year. Finally, you will calculate the monthly rate and APR that would result in a lower monthly payment. Make sure all results are positive.

16. Display the Loan worksheet. In cell B8, type a reference formula to cell B1. The balance before the first payment is identical to the loan amount. Do not type the value; use the cell reference instead. In cell B9, subtract the principal from the beginning balance on the previous row. Copy the formula to the range B10:B19.

17. Calculate the interest for the first payment using the IPMT function in cell C8. Copy the function to the range C9:C19.

18. Calculate the principal paid for the first payment using the PPMT function in cell D8. Copy the function to the range D9:D19.

19. Insert the CUMIPMT function in cell B22 that calculates the cumulative interest after the first year. Use references to cells A8 and A19 for the period arguments.

20. Insert the CUMPRINC function in cell B23 that calculates the cumulative principal paid after the first year. Use references to cells A8 and A19 for the period arguments.

21. Use the RATE financial function in cell B27 to calculate the periodic rate using $1,400 as the monthly payment (cell B26), the NPER, and loan amount in the original input section.

22. Calculate the APR in cell B28 by multiplying the monthly rate (cell B27) by 12.

Workbook Completion You are ready to complete the workbook by adding a footer with identifying information.

23. Create a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of each worksheet.

24. Save and close the file. Exit Excel. Based on your instructor’s directions, submit e07c1RealEstate_LastFirst.

Calculate Cumulative Statistics for One Condition

Calculate Cumulative Statistics for One Condition

12. Display the Map worksheet, select the range B1:C5 and insert a map chart.

12. Display the Map worksheet, select the range B1:C5 and insert a map chart.

13. Cut the map chart and paste it in cell A7. Set a 2.31″ height and 3.62″ width.

13. Cut the map chart and paste it in cell A7. Set a 2.31″ height and 3.62″ width.

22. Calculate the APR in cell B28 by multiplying the monthly rate (cell B27) by 12.

22. Calculate the APR in cell B28 by multiplying the monthly rate (cell B27) by 12.