WGU C268 EXCEL PA QUESTIONS & ANSWERS
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. -
Answers - =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.
f - Answers - =F19*C$13/12
Copy the Interest amount calcualtion down to complete the "interest" column of the
amortization table. - Answers - Paste down column .
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. - Answers - =C20-D20
Copy the principal amount calculation down to complete the "principal" column of the
amortization table. - Answers - Copy and paste 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. -
Answers - =F19-E20
Copy the balance amount calculation down to complete the balance column of the
amortization table. - Answers - Copy and paste down.
Calculate, in cell G12, the total amount paid by multiplying the payment amount (cell
C15) by the term of the loan (cell C12). - Answers - =C15*C12
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. - Answers -
=SUM(D20:D67)
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. - Answers - =G12+C11
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. - Answers - No
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. - Answers - =HLOOKUP(D16,
E$11:H$12, 2,False)
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. -
Answers - =IF(J16=True, 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." - Answers - =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 your reference. - Answers -
=vlookup(B40,B$16:D$35,3)
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. - Answers -
=Vlookup(B40,B$16:H$35,6)
Use the Countif function to complete the #of Jobs, column in table 3. Reference the
"employee" names in table three as your criteria. - Answers - =Countif(B16:D35,G39)
Use the SUMIF function to complete the "total hours" column in table 1 as your range
and the "employee" names in table three as your criteria. - Answers -
=sumif(D$16:D$35, G39, E$16:E$35)
Use the SUMIF function to complete the "Total Pay" column in table 3. Reference the
"Employee" field in table 1 as your range, the "Employee" names in table 3 as your
criteria, and the "Total Pay" field in table 1 as your sum_range. - Answers -
=SUMIF(D$16:D$35,G39,N$16:N$35)
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. -
Answers - =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.
f - Answers - =F19*C$13/12
Copy the Interest amount calcualtion down to complete the "interest" column of the
amortization table. - Answers - Paste down column .
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. - Answers - =C20-D20
Copy the principal amount calculation down to complete the "principal" column of the
amortization table. - Answers - Copy and paste 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. -
Answers - =F19-E20
Copy the balance amount calculation down to complete the balance column of the
amortization table. - Answers - Copy and paste down.
Calculate, in cell G12, the total amount paid by multiplying the payment amount (cell
C15) by the term of the loan (cell C12). - Answers - =C15*C12
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. - Answers -
=SUM(D20:D67)
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. - Answers - =G12+C11
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. - Answers - No
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. - Answers - =HLOOKUP(D16,
E$11:H$12, 2,False)
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. -
Answers - =IF(J16=True, 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." - Answers - =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 your reference. - Answers -
=vlookup(B40,B$16:D$35,3)
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. - Answers -
=Vlookup(B40,B$16:H$35,6)
Use the Countif function to complete the #of Jobs, column in table 3. Reference the
"employee" names in table three as your criteria. - Answers - =Countif(B16:D35,G39)
Use the SUMIF function to complete the "total hours" column in table 1 as your range
and the "employee" names in table three as your criteria. - Answers -
=sumif(D$16:D$35, G39, E$16:E$35)
Use the SUMIF function to complete the "Total Pay" column in table 3. Reference the
"Employee" field in table 1 as your range, the "Employee" names in table 3 as your
criteria, and the "Total Pay" field in table 1 as your sum_range. - Answers -
=SUMIF(D$16:D$35,G39,N$16:N$35)
