You own five apartment complexes and want to analyze rental data to determine which apartments need remodeling. Functions will be used to calculate the years since last remodel, pet deposit amounts, and whether remodeling is needed. An advanced filter will identify unoccupied 2-3 bedroom units needing remodeling. Financial calculations will help decide whether to purchase a sixth complex.

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_hw-apartment-complex-1-3-completed-solution/
EX16_XL_CH07_GRADER_CAP_HW - Apartment Complex 1.3
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 Instructions Points
Possible

3. 1 Open ​exploring​_​e07_grader_h1_Apartment.xlsx​and
save it
asexploring_e07_grader_h1_Apartment_LastFirst.
0.000
2 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.
6.000
3 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.
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5. 4 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, the recommendation is No Change
because the unit is occupied.
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5 Copy the functions in the range H8:I8 to the range
H9:I57.
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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
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7. cell B2. With 101 entered in cell B2, the lookup
function displays $950.00.
7 In the Database sheet, enter conditions in the
criteria range for unoccupied two- and
three-bedroom apartments that need to be
remodeled.
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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.
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9. 9 In cell C8, enter a database function to calculate the
number of apartments that need to be remodeled
based on the advanced filter you created.
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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.
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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.
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11. 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.
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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.
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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.
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13. 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.
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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.
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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.
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15. 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.
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19 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.
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20 In the Loan sheet, set 0.5" left and right margins and
repeat row 10 on all pages.
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17. 21 Save and close the workbook, and submit the file as
directed.
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Total Points 100.00
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