WGU C268 SPREADSHEETS COMPLETE QUESTIONS AND SOLUTIONS TESTED ANSWERS

WGU C268 SPREADSHEETS COMPLETE
QUESTIONS AND SOLUTIONS TESTED
ANSWERS


◉ 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.
Answer: =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.
Answer: =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 previous period and the principal amount for
the current period.

,Answer: =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).
Answer: =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.
Answer: =SUM(D20:D67)


◉ 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 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.
Answer: =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.
Answer: 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.
Answer: =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 fewer than the "Estimated Hours" and if the work
"Quality" is greater than 1.
Answer: =AND(E16<C16,H16>1)


◉ Use the OR function to complete the "Outcome 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.
Answer: =OR(G16>3,H16=3)


◉ Use the IF function to complete the "Time Bonus $" 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 $" is 0.
Answer: =IF(I16,K16*$M$11,0)


◉ Use the IF function to complete the "Outcome Bonus $" column
of table 1. If an employee earns an outcome bonus (i.e., the