NUR 354 2 CERTIFICATION SCRIPT
2026 QUESTIONS WITH SOLUTIONS
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].
Answer: =PMT(Rate/#months of term,LoanAmt)=PMT(C13/12,C12,C11)
◍ 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] (Amortization).
Answer: =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$13/12
◍ Check to see if the total interest calculation in the amortization table is
correct. The total interest paid is also equal to the difference between the
total amount paid over the course of the loan and the original loan amount.
Insert a formula into cell G14 to calculate the difference between the total
amount paid and the original loan amount. Notice the negative sign
associated with the original loan amount. This value should equal the total
interest calculated using the amortization table..
Answer: =G12-ABS(C11)
,◍ Use the HLOOKUP function to complete the "Hourly Wage" column of
table 1. Use the "Employee" column of table 1 as the lookup_value and the
"Employee Wage Information" above table 1 as your reference table..
Answer: =HLOOKUP(D16,$E$11:$H$12,2,FALSE)
◍ Calculate, in cell D20, the interest amount for period 1 by multiplying the
balance in period 0 (cell F19) by the loan interest rate (cell C13) divided by
12. Dividing the interest rate by 12 results in the monthly interest rate. This
formula is reusable. The interest for a given period is always the monthly
interest rate times the balance from the previous period. (Amortization).
Answer: =F19*$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. (Amortization).
Answer: =C20-D20
◍ 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 corresponding cell in the
"Outcome Bonus?" column is TRUE), then "Outcome Bonus $" is the "Job
Pay" for that project times the outcome bonus percentage in cell M12;
otherwise, "Outcome Bonus $" is 0..
Answer: =IF(J16,K16*$M$12,0)
◍ Use the IF function to complete the "Comments" column of table 1. Display
"Good Job" if both the "Hours Worked" are less than or equal to the
, "Estimated Hours" for a project and the assessed "Quality" of that project is
greater than 1. Display "Too Much Time" if the "Hours Worked" on a
project exceed the "Estimated Hours" for that project; otherwise, display
"Poor Quality.".
Answer: =IF(AND(E16<=C16,H16>1),"Good Job",IF(E16>C16,"Too Much
time","Poor Quality"))
◍ Use the VLOOKUP function to complete the "Employee" column of table 2.
Use "Job ID" from table 2 as your lookup_value(s) and table 1 as the
reference table..
Answer: =VLOOKUP(B40,$B$16:$O$35,3,FALSE)
◍ Use the VLOOKUP function to complete the "Difficulty" column of table 2.
Again, use "Job ID" from table 2 as the lookup_value(s) and table 1 as the
reference table..
Answer: =VLOOKUP(B40,$B$16:$O$35,6,FALSE)
◍ Use the COUNTIF function to complete the "# of Jobs" column in table 3.
Reference the appropriate field in table 1 as your range and the "Employee"
names in table 3 as your criteria..
Answer: =COUNTIF($D$16:$D$35,G39)
◍ Calculate, in cell F20, the balance for period 1. The balance is the difference
between the balance for period 0 (cell F19) and the principal amount for
period 1 (cell E20). This formula is reusable. The balance is always
calculated as the difference between the balance from the previous period
and the principal amount for the current period. (Amortization).
Answer: =F19-E20
◍ Calculate, in cell G12, the total amount paid by multiplying the payment
amount (cell C15) by the term of the loan (cell C12). (Amortization).
Answer: =C15*C12
◍ Use the SUMIF function to complete the "Total Hours" column in table 3.
Reference the appropriate field in table 1 as your range and the "Employee"
names in table 3 as your criteria..
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◍ Calculate the payment amount for the loan in cell C15. Reference the cells
containing the appropriate loan information as the arguments for the
function you use. Cells C20-C67 in the "Payment" column are populated
with the payment amount from cell C15. [34 Points].
Answer: =PMT(Rate/#months of term,LoanAmt)=PMT(C13/12,C12,C11)
◍ Calculate the payment amount for the loan in cell C15. Reference the cells
containing the appropriate loan information as the arguments for the
function you use. Cells C20-C67 in the "Payment" column are populated
with the payment amount from cell C15. [34 Points] (Amortization).
Answer: =PMT(C13/12,C12,C11)
◍ Calculate, in cell D20, the interest amount for period 1 by multiplying the
balance in period 0 (cell F19) by the loan interest rate (cell C13) divided by
12. Dividing the interest rate by 12 results in the monthly interest rate. This
formula is reusable. The interest for a given period is always the monthly
interest rate times the balance from the previous period..
Answer: =F19*$C$13/12
◍ Check to see if the total interest calculation in the amortization table is
correct. The total interest paid is also equal to the difference between the
total amount paid over the course of the loan and the original loan amount.
Insert a formula into cell G14 to calculate the difference between the total
amount paid and the original loan amount. Notice the negative sign
associated with the original loan amount. This value should equal the total
interest calculated using the amortization table..
Answer: =G12-ABS(C11)
,◍ Use the HLOOKUP function to complete the "Hourly Wage" column of
table 1. Use the "Employee" column of table 1 as the lookup_value and the
"Employee Wage Information" above table 1 as your reference table..
Answer: =HLOOKUP(D16,$E$11:$H$12,2,FALSE)
◍ Calculate, in cell D20, the interest amount for period 1 by multiplying the
balance in period 0 (cell F19) by the loan interest rate (cell C13) divided by
12. Dividing the interest rate by 12 results in the monthly interest rate. This
formula is reusable. The interest for a given period is always the monthly
interest rate times the balance from the previous period. (Amortization).
Answer: =F19*$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. (Amortization).
Answer: =C20-D20
◍ 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 corresponding cell in the
"Outcome Bonus?" column is TRUE), then "Outcome Bonus $" is the "Job
Pay" for that project times the outcome bonus percentage in cell M12;
otherwise, "Outcome Bonus $" is 0..
Answer: =IF(J16,K16*$M$12,0)
◍ Use the IF function to complete the "Comments" column of table 1. Display
"Good Job" if both the "Hours Worked" are less than or equal to the
, "Estimated Hours" for a project and the assessed "Quality" of that project is
greater than 1. Display "Too Much Time" if the "Hours Worked" on a
project exceed the "Estimated Hours" for that project; otherwise, display
"Poor Quality.".
Answer: =IF(AND(E16<=C16,H16>1),"Good Job",IF(E16>C16,"Too Much
time","Poor Quality"))
◍ Use the VLOOKUP function to complete the "Employee" column of table 2.
Use "Job ID" from table 2 as your lookup_value(s) and table 1 as the
reference table..
Answer: =VLOOKUP(B40,$B$16:$O$35,3,FALSE)
◍ Use the VLOOKUP function to complete the "Difficulty" column of table 2.
Again, use "Job ID" from table 2 as the lookup_value(s) and table 1 as the
reference table..
Answer: =VLOOKUP(B40,$B$16:$O$35,6,FALSE)
◍ Use the COUNTIF function to complete the "# of Jobs" column in table 3.
Reference the appropriate field in table 1 as your range and the "Employee"
names in table 3 as your criteria..
Answer: =COUNTIF($D$16:$D$35,G39)
◍ 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. (Amortization).
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). (Amortization).
Answer: =C15*C12
◍ Use the SUMIF function to complete the "Total Hours" column in table 3.
Reference the appropriate field in table 1 as your range and the "Employee"
names in table 3 as your criteria..
