WGU C268 Study Guide for EXCEL PA | UPDATED Questions with 100% Verified Answers

WGU C268 Study Guide for EXCEL PA | UPDATED Questions
with 100% Verified Answers
Q1: 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 C20­C67 in the "Payment" column are
populated with the payment amount from cell C15.


A: =PMT(C13/12,C12,C11)


Q2: 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. f


A: =F19*C$13/12


Q3: Copy the Interest amount calcualtion down to complete the "interest" column of the amortization table.


A: Paste down column .


Q4: 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.


A: =C20­D20


Q5: Copy the principal amount calculation down to complete the "principal" column of the amortization table.


A: Copy and paste down.


Q6: 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.


A: =F19­E20


Q7: Copy the balance amount calculation down to complete the balance column of the amortization table.


A: Copy and paste down.

, Q8: Calculate, in cell G12, the total amount paid by multiplying the payment amount (cell C15) by the term of
the loan (cell C12).


A: =C15*C12


Q9: 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.


A: =SUM(D20:D67)


Q10: 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.


A: =G12+C11


Q11: 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 drop­down menu.


A: No


Q12: 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.


A: =HLOOKUP(D16, E$11:H$12, 2,False)


Q13: 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.


A: =AND(E16<C16,H16>1)


Q14: 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.


A: =OR(G16>3,H16=3)