WGU C268 SPREADSHEETS UPDATED
ACTUAL QUESTIONS AND CORRECT
ANSWERS COMPLETE STUDY GUIDE
◉ 2. 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
◉ 3. Copy the Interest amount calcualtion down to complete the
"interest" column of the amortization table.
Answer: Paste down column .
◉ 4. 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
,◉ 5. Copy the principal amount calculation down to complete the
"principal" column of the amortization table.
Answer: Copy and paste down.
◉ 6. 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
◉ 7. Copy the balance amount calculation down to complete the
balance column of the amortization table.
Answer: Copy and paste down.
◉ 8. 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
◉ 9. 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)
, ◉ 10. To verify that the total interest calculation from the
amortization table is correct, calculate the total interest paid in
cell G14. This is the difference between the Total Amount Paid
over the course of the loan and the original Loan Amount. Notice
the negative sign associated with the original Loan Amount.
Answer: =G12+C11
◉ 11. 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
◉ FOUR Js 1. 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)
◉ 2. 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)
ACTUAL QUESTIONS AND CORRECT
ANSWERS COMPLETE STUDY GUIDE
◉ 2. 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
◉ 3. Copy the Interest amount calcualtion down to complete the
"interest" column of the amortization table.
Answer: Paste down column .
◉ 4. 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
,◉ 5. Copy the principal amount calculation down to complete the
"principal" column of the amortization table.
Answer: Copy and paste down.
◉ 6. 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
◉ 7. Copy the balance amount calculation down to complete the
balance column of the amortization table.
Answer: Copy and paste down.
◉ 8. 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
◉ 9. 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)
, ◉ 10. To verify that the total interest calculation from the
amortization table is correct, calculate the total interest paid in
cell G14. This is the difference between the Total Amount Paid
over the course of the loan and the original Loan Amount. Notice
the negative sign associated with the original Loan Amount.
Answer: =G12+C11
◉ 11. 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
◉ FOUR Js 1. 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)
◉ 2. 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)
