WGU C268 Study Guide for EXCEL PA questions and answers with solutions

WGU C268 Study Guide for EXCEL PA questions
and answers with solutions

AMORTIZATION 1. 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. -
ANSWER =PMT(C13/12,C12,C11)



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)



3. 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. - ANSWER =OR(G16>3,H16=3)