WGU C268 Spreadsheets Questions and Answers (100% Correct Answers) Already Graded A+

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WGU C268 Spreadsheets Questions and
Answers (100% Correct Answers) Already
Graded A+
Calculate the payment amount for the loan in cell C15. Reference the
cells containing the appropriate loan information as the arguments for
the function you use. Cells C20-C67 in the "Payment" column are
populated with the payment amount from cell C15. [34 Points]Ans:
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=PMT(Rate/#months of term,LoanAmt)


=PMT(C13/12,C12,C11)
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Calculate, in cell D20, the interest amount for period 1 by multiplying the
balance in period 0 (cell F19) by the loan interest rate (cell C13) divided
by 12. Dividing the interest rate by 12 results in the monthly interest rate.
This formula is reusable. The interest for a given period is always the
monthly interest rate times the balance from the previous period.Ans:
=F19*$C$13/12


Calculate, in cell E20, the principal amount for period 1. The principal
amount is the difference between the payment amount (cell C20) and
the interest amount (cell D20) for period 1. Construct your formula in such
a way that it can be reused to complete the "principal" column of the
amortization table.Ans: =C20-D20


Calculate, in cell F20, the balance for period 1. The balance is the
difference between the balance for period 0 (cell F19) and the principal
amount for period 1 (cell E20). This formula is reusable. The balance is
always calculated as the difference between the balance from the

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previous period and the principal amount for the current period.Ans:
=F19-E20


Calculate, in cell G12, the total amount paid by multiplying the payment
amount (cell C15) by the term of the loan (cell C12).Ans: =C15*C12


Calculate the total interest paid in cell G13. The total interest paid is the
sum of all interest paid in the "Interest" column of the amortization
table.Ans: =SUM(D20:D67)
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Check to see if the total interest calculation in the amortization table is
correct. The total interest paid is also equal to the difference between
the total amount paid over the course of the loan and the original loan
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amount. Insert a formula into cell G14 to calculate the difference
between the total amount paid and the original loan amount. Notice
the negative sign associated with the original loan amount. This value
should equal the total interest calculated using the amortization
table.Ans: =G12-ABS(C11)


Assume you have made the first 36 payments on your loan. You want to
trade the car in for a new car. You believe that you can sell your car for
$4000. Will this cover the balance remaining on the car in period 36?
Answer either "Yes" or "No" in cell G15 from the drop-down menu.Ans: No


Use the HLOOKUP function to complete the "Hourly Wage" column of
table 1. Use the "Employee" column of table 1 as the lookup_value and
the "Employee Wage Information" above table 1 as your reference
table.Ans: =HLOOKUP(D16,$E$11:$H$12,2,FALSE)


Use the AND function to complete the "Time Bonus?" column of table 1.
An employee earns a time bonus if the project's "Hours Worked" are