WGU C268 Study Guide for EXCEL PA Q&A
WGU C268 Study Guide for EXCEL PA
Study online at https://quizlet.com/_bxvmjq
1. Calculate the payment amount for the loan in =PMT(C13/12,C12,C11)
cell C15. Reference the cells containing the ap-
propriate loan information as the arguments
for the function you use. Cells C20-C67 in the
"Payment" column are populated with the pay-
ment amount from cell C15.
2. Calculate, in cell D20, the interest amount for =F19*C$13/12
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 bal-
ance from the previous period.
f
3. Copy the Interest amount calcualtion down to Paste down column .
complete the "interest" column of the amortiza-
tion table.
4. Calculate, in cell E20, the principal amount for =C20-D20
period 1. The principal amount is the difference
between the payment amount (cell C20) and the
interest amount (cell D20) for period 1. Con-
struct your formula in such a way that it can
be reused to complete the "principal" column of
the amortization table.
5. Copy the principal amount calculation down to Copy and paste down.
complete the "principal" column of the amorti-
zation table.
, WGU C268 Study Guide for EXCEL PA Q&A
WGU C268 Study Guide for EXCEL PA
Study online at https://quizlet.com/_bxvmjq
6. Calculate, in cell F20, the balance for period 1. =F19-E20
The balance is the difference between the bal-
ance 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
previous period and the principal amount for
the current period.
7. Copy the balance amount calculation down to Copy and paste down.
complete the balance column of the amortiza-
tion table.
8. Calculate, in cell G12, the total amount paid by =C15*C12
multiplying the payment amount (cell C15) by
the term of the loan (cell C12).
9. Calculate the total interest paid in cell G13. The =SUM(D20:D67)
total interest paid is the sum of all interest paid
in the "Interest" column of the amortization
table.
10. Check to see if the total interest calculation in =G12+C11
the amortization table is correct. The total in-
terest paid is also equal to the difference be-
tween the total amount paid over the course of
the loan and the original loan 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 associ-
ated with the original loan amount. This value
should equal the total interest calculated using
the amortization table.
, WGU C268 Study Guide for EXCEL PA Q&A
WGU C268 Study Guide for EXCEL PA
Study online at https://quizlet.com/_bxvmjq
11. Assume you have made the first 36 payments No
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.
12. Use the HLOOKUP function to complete the =HLOOKUP(D16, E$11:H$12,
"Hourly Wage" column of table 1. Use the "Em- 2,False)
ployee" column of table 1 as the lookup_value
and the "Employee Wage Information" above
table 1 as your reference table.
13. Use the AND function to complete the "Time =AND(E16<C16,H16>1)
Bonus?" column of table 1. An employee earns
a time bonus if the project's "Hours Worked"
are fewer than the "Estimated Hours" and if the
work "Quality" is greater than 1.
14. Use the OR function to complete the "Outcome =OR(G16>3,H16=3)
Bonus?" column of table 1. An employee earns
an outcome bonus if the difficulty of a job is
greater than 3 or if the quality of their work is
equal to 3.
15. Use the IF function to complete the "Time Bonus =IF(I16=True, K16*M$11,0)
$" column of table 1. If an employee earns a
time bonus (i.e., the corresponding cell in the
"Time Bonus?" column is TRUE), then "Time
Bonus $" is the "Job Pay" for that project times
the bonus percentage in cell M11. Otherwise
"Time Bonus $" is 0.
WGU C268 Study Guide for EXCEL PA
Study online at https://quizlet.com/_bxvmjq
1. Calculate the payment amount for the loan in =PMT(C13/12,C12,C11)
cell C15. Reference the cells containing the ap-
propriate loan information as the arguments
for the function you use. Cells C20-C67 in the
"Payment" column are populated with the pay-
ment amount from cell C15.
2. Calculate, in cell D20, the interest amount for =F19*C$13/12
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 bal-
ance from the previous period.
f
3. Copy the Interest amount calcualtion down to Paste down column .
complete the "interest" column of the amortiza-
tion table.
4. Calculate, in cell E20, the principal amount for =C20-D20
period 1. The principal amount is the difference
between the payment amount (cell C20) and the
interest amount (cell D20) for period 1. Con-
struct your formula in such a way that it can
be reused to complete the "principal" column of
the amortization table.
5. Copy the principal amount calculation down to Copy and paste down.
complete the "principal" column of the amorti-
zation table.
, WGU C268 Study Guide for EXCEL PA Q&A
WGU C268 Study Guide for EXCEL PA
Study online at https://quizlet.com/_bxvmjq
6. Calculate, in cell F20, the balance for period 1. =F19-E20
The balance is the difference between the bal-
ance 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
previous period and the principal amount for
the current period.
7. Copy the balance amount calculation down to Copy and paste down.
complete the balance column of the amortiza-
tion table.
8. Calculate, in cell G12, the total amount paid by =C15*C12
multiplying the payment amount (cell C15) by
the term of the loan (cell C12).
9. Calculate the total interest paid in cell G13. The =SUM(D20:D67)
total interest paid is the sum of all interest paid
in the "Interest" column of the amortization
table.
10. Check to see if the total interest calculation in =G12+C11
the amortization table is correct. The total in-
terest paid is also equal to the difference be-
tween the total amount paid over the course of
the loan and the original loan 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 associ-
ated with the original loan amount. This value
should equal the total interest calculated using
the amortization table.
, WGU C268 Study Guide for EXCEL PA Q&A
WGU C268 Study Guide for EXCEL PA
Study online at https://quizlet.com/_bxvmjq
11. Assume you have made the first 36 payments No
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.
12. Use the HLOOKUP function to complete the =HLOOKUP(D16, E$11:H$12,
"Hourly Wage" column of table 1. Use the "Em- 2,False)
ployee" column of table 1 as the lookup_value
and the "Employee Wage Information" above
table 1 as your reference table.
13. Use the AND function to complete the "Time =AND(E16<C16,H16>1)
Bonus?" column of table 1. An employee earns
a time bonus if the project's "Hours Worked"
are fewer than the "Estimated Hours" and if the
work "Quality" is greater than 1.
14. Use the OR function to complete the "Outcome =OR(G16>3,H16=3)
Bonus?" column of table 1. An employee earns
an outcome bonus if the difficulty of a job is
greater than 3 or if the quality of their work is
equal to 3.
15. Use the IF function to complete the "Time Bonus =IF(I16=True, K16*M$11,0)
$" column of table 1. If an employee earns a
time bonus (i.e., the corresponding cell in the
"Time Bonus?" column is TRUE), then "Time
Bonus $" is the "Job Pay" for that project times
the bonus percentage in cell M11. Otherwise
"Time Bonus $" is 0.
