Search Engine Enter Unit # to see rent Rental Price Unit # 101 102 103 104 105 106 107 108 109 110 201 202 203 204 205 206 207 208 209 210 301 302 303 304 305 306 307 Exploring Constants for Formulas 101 Apartment Complex Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Lakeview Apartments Lakeview Apartments Lakeview Apartments Lakeview Apartments Lakeview Apartments Lakeview Apartments Lakeview Apartments Comparison Date No. of Years Since Remodel Pet Deposit 2 bedroom newer Pet Deposit other # Bed 1 1 2 2 3 3 2 2 3 3 1 1 2 2 3 3 2 2 3 3 1 1 1 1 2 2 2 Rental Price $ 950 $ 950 $ 1,100 $ 1,100 $ 1,500 $ 1,500 $ 1,100 $ 1,100 $ 1,500 $ 1,500 $ 875 $ 875 $ 995 $ 995 $ 1,050 $ 1,050 $ 995 $ 995 $ 1,050 $ 1,050 $ 875 $ 875 $ 900 $ 900 $ 1,200 $ 1,200 $ 1,200 Occupied Yes Yes No Yes No Yes No Yes No Yes Yes Yes Yes No Yes No Yes Yes No Yes No No No Yes No Yes Yes Summary Last Remodel 4/1/2004 3/1/2013 11/15/2005 10/1/2015 10/1/2015 6/15/2004 11/1/2015 8/15/2009 8/15/2009 10/4/2006 4/13/2016 3/1/2013 4/1/2004 4/1/2010 8/15/2011 7/1/2005 8/1/2015 8/1/2015 8/1/2015 11/4/2006 4/15/2008 5/1/2015 5/5/2010 5/5/2010 10/4/2006 6/15/2018 6/30/2008 Years Since Remodel 1/1/2018 10 $275 $200 Pet Deposit Recommendation 20180418170447excel.xlsx 308 401 402 403 404 405 406 407 408 501 502 503 504 505 506 507 601 602 603 604 605 606 607 Exploring Lakeview Apartments Mountaintop View Mountaintop View Mountaintop View Mountaintop View Mountaintop View Mountaintop View Mountaintop View Mountaintop View Sunset Valley Sunset Valley Sunset Valley Sunset Valley Sunset Valley Sunset Valley Sunset Valley Oak Tree Living Oak Tree Living Oak Tree Living Oak Tree Living Oak Tree Living Oak Tree Living Oak Tree Living 2 1 2 3 1 2 3 2 2 1 1 1 1 2 2 2 1 1 2 2 3 3 3 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1,200 875 950 1,200 875 950 1,200 975 975 875 875 875 875 1,100 1,100 1,100 1,500 1,500 1,200 1,200 2,000 2,000 2,000 No No No Yes No Yes No Yes Yes Yes No No Yes No Yes No Yes Yes No Yes No Yes No Summary 9/30/2007 7/1/2005 8/1/2015 5/5/2010 10/4/2006 6/15/2018 4/1/2004 3/1/2013 11/15/2005 10/1/2015 8/1/2015 8/1/2015 7/2/2003 7/2/2003 10/10/2010 10/10/2010 8/15/2004 11/1/2000 8/15/2004 12/1/2003 11/30/2000 3/30/2002 3/30/2002 20180418170447excel.xlsx Criteria Range Unit # Apartment Complex # Bed Rental Price Occupied Last Remodel Years Since Remodel Recommendation Last Remodel 4/1/2004 3/1/2013 11/15/2005 10/1/2015 10/1/2015 6/15/2004 11/1/2015 8/15/2009 8/15/2009 10/4/2006 4/13/2016 3/1/2013 4/1/2004 4/1/2010 8/15/2011 7/1/2005 Years Since Remodel 13.75 4.83 12.13 2.25 2.25 13.54 2.17 8.38 8.38 11.24 1.72 4.83 13.75 7.75 6.38 12.50 Recommendation No Change No Change Need to Remodel No Change No Change No Change No Change No Change No Change No Change No Change No Change No Change No Change No Change Need to Remodel Database Statistics No. of Apts. to Remodel Value of Lost Rent Year of Oldest Remodel List of Rental Property Unit # 101 102 103 104 105 106 107 108 109 110 201 202 203 204 205 206 Exploring Apartment Complex Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows # Bed 1 1 2 2 3 3 2 2 3 3 1 1 2 2 3 3 Rental Price 950 950 1,100 1,100 1,500 1,500 1,100 1,100 1,500 1,500 875 875 995 995 1,050 1,050 Occupied Yes Yes No Yes No Yes No Yes No Yes Yes Yes Yes No Yes No Database 20180418170447excel.xlsx 207 208 209 210 301 302 303 304 305 306 307 308 401 402 403 404 405 406 407 408 501 502 503 504 505 506 507 601 602 603 604 605 606 607 Exploring Rolling Meadows Rolling Meadows Rolling Meadows Rolling Meadows Lakeview Apartments Lakeview Apartments Lakeview Apartments Lakeview Apartments Lakeview Apartments Lakeview Apartments Lakeview Apartments Lakeview Apartments Mountaintop View Mountaintop View Mountaintop View Mountaintop View Mountaintop View Mountaintop View Mountaintop View Mountaintop View Sunset Valley Sunset Valley Sunset Valley Sunset Valley Sunset Valley Sunset Valley Sunset Valley Oak Tree Living Oak Tree Living Oak Tree Living Oak Tree Living Oak Tree Living Oak Tree Living Oak Tree Living 2 2 3 3 1 1 1 1 2 2 2 2 1 2 3 1 2 3 2 2 1 1 1 1 2 2 2 1 1 2 2 3 3 3 995 995 1,050 1,050 875 875 900 900 1,200 1,200 1,200 1,200 875 950 1,200 875 950 1,200 975 975 875 875 875 875 1,100 1,100 1,100 1,500 1,500 1,200 1,200 2,000 2,000 2,000 Database Yes Yes No Yes No No No Yes No Yes Yes No No No Yes No Yes No Yes Yes Yes No No Yes No Yes No Yes Yes No Yes No Yes No 8/1/2015 8/1/2015 8/1/2015 11/4/2006 4/15/2008 5/1/2015 5/5/2010 5/5/2010 10/4/2006 6/15/2018 6/30/2008 9/30/2007 7/1/2005 8/1/2015 5/5/2010 10/4/2006 6/15/2018 4/1/2004 3/1/2013 11/15/2005 10/1/2015 8/1/2015 8/1/2015 7/2/2003 7/2/2003 10/10/2010 10/10/2010 8/15/2004 11/1/2000 8/15/2004 12/1/2003 11/30/2000 3/30/2002 3/30/2002 2.42 2.42 2.42 11.16 9.71 2.67 7.66 7.66 11.24 0.46 9.50 10.25 12.50 2.42 7.66 11.24 0.46 13.75 4.83 12.13 2.25 2.42 2.42 14.50 14.50 7.23 7.23 13.38 17.17 13.38 14.08 17.09 15.75 15.75 No Change No Change No Change No Change No Change No Change No Change No Change Need to Remodel No Change No Change Need to Remodel Need to Remodel No Change No Change Need to Remodel No Change Need to Remodel No Change No Change No Change No Change No Change No Change Need to Remodel No Change No Change No Change No Change Need to Remodel No Change Need to Remodel No Change Need to Remodel 20180418170447excel.xlsx Input Area Complex Cost Down Payment # of Pmts per Year Years APR 1st Payment Date $ 1,850,000.00 $ 750,000.00 12 30 4.75% 3/1/2018 Payment # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Exploring Summary Calculations Loan Amount No. Periods Monthly Rate Monthly Payment Total Interest Paid Payment Date Beginning Balance What If Collect Monthly Rent # of Units in Complex PV of Future Rent Interest Paid Loan Principal Payment $2,000 8 Ending Balance 20180418170447excel.xlsx 24 Exploring Loan 20180418170447excel.xlsx Office 2016 – myitlab:grader – Instructions Excel Project EX16_XL_CH07_GRADER_CAP_HW - Apartment Complex 1.9 Project Description: You own five apartment complexes. You created a dataset listing the apartment numbers, apartment complex names, number of bedrooms, rental price, whether the apartment is occupied or not, and the date the apartment was last remodeled. You want to insert some functions to perform calculations to help you decide which apartments need to be remodeled. To focus on the apartments that need to be remodeled, you will use advanced filtering and database functions for your analysis. Finally, you are considering purchasing a sixth apartment complex. You will perform some financial calculations and analysis to help you decide if you will purchase the complex. Instructions: For the purpose of grading the project you are required to perform the following tasks: Step 1 2 3 4 5 Points Possible Instructions Open exploring_e07_grader_h1_Apartment.xlsx and save it as exploring_e07_grader_h1_Apartment_LastFirst. 0 In cell G8 in the Summary worksheet, insert a date function to calculate the number of years between 1/1/2018 in cell H2 and the last remodel date in the Last Remodel column (cell F8). Use relative and mixed references correctly. Copy the function to the range G9:G57. Unit 101 was last remodeled 13.75 years ago. Ensure that the function you use displays that result. In cell H8, insert a nested logical function to display the required pet deposit for each unit. If the unit has two or more bedrooms (C8) AND was remodeled less than 10 years ago (cell H3), the deposit is $275 (cell H4); if not, the deposit is $200 (cell H5). Use relative and mixed references correctly. The pet deposit for Unit 101 is $200. In cell I8, enter a nested logical function to display Need to Remodel if the apartment is unoccupied (No) AND was last remodeled more than 10 years ago (H3). For all other apartments, display No Change. Although Unit 101 was last remodeled over 10 years ago, the recommendation is No Change because the unit is occupied. Copy the functions in the range H8:I8 to the range H9:I57. 6 5 5 2 6 In cell B3 insert a nested MATCH function within an INDEX function that will look up the rental price in column D using the apartment number referenced in cell B2. With 101 entered in cell B2, the lookup function displays $950.00. 5 7 In the Database sheet, enter conditions in the criteria range for unoccupied two- and threebedroom apartments that need to be remodeled. Enter criteria as text only, without use of quotation marks. Be sure to enter the criteria separately in rows 3 and 4. 6 8 Apply an advanced filter based on the criteria range (A2:H4). Filter the existing database (range A15:H65) in place. Nine apartments meet the advanced filter conditions. 5 Updated: 12/11/2017 1 Current_Instruction.docx Office 2016 – myitlab:grader – Instructions Step Excel Project Points Possible Instructions 9 In cell C8, use the DCOUNTA database function to calculate the number of apartments that need to be remodeled based on the advanced filter you created. 5 10 In cell C9, enter a database function to calculate the total value of monthly rent lost for the apartments that need to be remodeled based on the advanced filter you created. 5 11 In cell C10, enter a database function to display the date of the apartment that had the oldest remodel date based on the filtered data. Format the result with Short Date format. 5 12 In the Loan sheet, insert formulas in the range E2:E4 to calculate the loan amount, the number of payment periods, and the monthly interest rate, respectively. Use cell references in all formulas. 6 13 In cell E5, enter a financial function to calculate the monthly payment. In cell E6, insert a financial function to calculate the cumulative total interest paid throughout the loan. Make sure the results display as positive numbers. 8 14 In cell C11, enter a formula to reference the date stored in cell B7. Insert a nested function in cell C12 to calculate the date for the next payment. Nest the YEAR, MONTH, and DAY functions within the DATE function. Add 1 to the month result. Copy the function to the range C13:C34. 6 15 In cell D11, enter a formula to reference the value stored in cell E2. Insert a formula in cell D12 that references the ending balance for the previous payment row (G11). Copy the formula in D12 to the range D13:D34. 5 16 In cell E11, enter a financial function to calculate the interest paid. Copy the formula to the range E12:E34. The result should be a positive value. 6 17 In cell F11, enter a financial function to calculate the principal payment. Copy the function to the range F12:F34. The result should be a positive value. 6 18 In cell G11, enter a formula to calculate the ending balance. Copy the formula to the range G12:G34. Adjust the width of column G, if needed, to display the values. Select the range D11:G34 and apply Accounting Number Format. 6 19 20 In cell I4 insert a financial function to calculate the present value of the total monthly rent you will collect for the 8 units for 30 years. Use the number of periods and monthly rate in the Summary Calculations section and the cell references in the What If section. The result should be a positive value. In the Loan sheet, set 0.5" left and right margins and repeat row 10 on all pages. Updated: 12/11/2017 2 5 3 Current_Instruction.docx Office 2016 – myitlab:grader – Instructions Step 21 Excel Project Points Possible Instructions Save and close the workbook, and submit the file as directed. 0 Total Points Updated: 12/11/2017 3 100 Current_Instruction.docx
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