WGU C268 SPREADSHEETS) LATEST VERSION UPDATED AND REVISED IN 2025

WGU C268 SPREADSHEETS) LATEST VERSION UPDATED
AND REVISED IN 2025


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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] - ANSWER ->=PMT(Rate/#months of
term,LoanAmt)
=PMT(C13/12,C12,C11)

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