WGU C268 Spreadsheets Final OA Study Guide with Latest 2023 Questions

WGU C268 Spreadsheets Final OA Study Guide with Latest 2023 Questions Adds the individual numbers or the numbers included in the range(s). - correct answer SUM() Counts the number of cells in a range of cells that contain numbers. - correct answer COUNT() Counts the number of cells in a range of cells that are not blank - correct answer COUNTA() Calculates the simple average of a set of numbers - correct answer AVERAGE() Returns the largest value in a set of numbers - correct answer MAX() Returns the smallest value in a set of numbers - correct answer MIN() Calculates the interest rate earned for an investment - correct answer RATE() Calculates the annual percentage rate for an interest rate - correct answer EFFECT() Calculates the number of payments that will be made to pay off a loan - correct answer NPER() Calculates the payment amount for a loan - correct answer PMT() Calculates the current value of an investment (accounting for compound interest) - correct answer PV() Calculates the future value of an investment - correct answer FV() Combines Boolean expressions to determine if ALL of the combined expressions are TRUE - correct answer AND() Combines Boolean expressions to determine if ANY of the combined expressions are TRUE - correct answer OR() Check to see if a Boolean expression is not evaluated as TRUE - correct answer NOT() Build on Boolean logic and specify the results depending on the results of the Boolean expression - correct answer IF() Determine (count) the number of cells within a range of cells that contain a specific value - correct answer COUNTIF() Calculate the total (sum) for a set of values that match a specific criterion - correct answer SUMIF() Calculate the average for a set of values that match a specific criterion - correct answer AVERAGEIF() Returns the related value from the specified column after finding the match in the first column - correct answer VLOOKUP() Returns the related value from the specified row after finding the match in the first row - correct answer HLOOKUP() The length, in number of characters, of a block of text - correct answer LEN() The position of a specific character, word, or phrase within a block of text - correct answer SEARCH() Returns the specified number of characters starting from the beginning of a block of text - correct answer LEFT() Returns the specified number of characters from the middle of a block of text - correct answer MID() Returns the specified number of characters starting from the end of a block of text - correct answer RIGHT() Combines blocks of text - correct answer CONCATENATE() Calculates the standard deviation for a sample. (Use STDEV.P to calculate the standard deviation for a population.) - correct answer STDEV.S() The confidence interval or range of values that we believe the "true" population value falls into - correct answer CONFIDENCE.NORM() Calculates the correlation coefficient between two sets of values - correct answer CORREL() Calculates, or predicts, a future value along a linear trend by using existing values - correct answer FORECAST() ^^ How to calculate payment amount for a loan - correct answer In the cell next to the word payment enter: =PMT(rate [select the field with the interest rate]/12 [you put /12 because its monthly and there are 12 months in a year], nper [select the field with the term], pv [select the field with the principal value] - this will produce the results Example: =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. [3 points] - correct answer In the proper cell do the following: ={select the field mark balance}*{select field marked interest rate - be sure to add a $ in the field because you do not want the interest rate to change at all}/12 EXAMPLE: =F19*C$13/12 ^^ Copy the principal amount calculation down to complete the "principal" column of the amortization table. [2 points] - correct answer Simply click the corner of the field you want to copy, then highlight all the fields you want it to copy to and let go. It will copy down ^^ 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. - correct answer Follow the instructions carefully Example =F19-E20