WGU C268 - SPREADSHEETS QUESTIONS & ANSWERS

WGU C268 - SPREADSHEETS QUESTIONS &
ANSWERS

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. -
Answers - PMT=(c13/12,c12,c11)
Payment

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. - Answers - =F19*$C$13/12
F19 time absolute values C13 divided by 12.

Copy the interest amount calculation down to complete the "Interest" column of the
amortization table. [2 points] - Answers - Drag D19 down to D67 to complete 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 - Drag E20 down to E67 to complete column

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 - =C20-D20

Copy the balance amount calculation down to complete the "Balance" column of the
amortization table. - Answers - drag F20 down to F67 to complete column

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)

Add D20 range through D67

, 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. - Answers - =G12--C11

two minus cancel out the minus from 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

G36 = 5,193.87 $4,000 is not enough

Use the HLOOKUP function to complete the "Hourly Wage" column of table 1. Use the
"Employee" from 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, 0)

horizontal lookup (Jim, absolute value E and 11 through absolute value H and 12, 2nd
column, Exact)

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. - Answers - =AND(E16<C16,H16>1)

And used when all logical functions are true. (E16 greater than C16, AND H16 greater
than 1)

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

when either logical functions need to be true. (G16 greater than 3, OR H16=3

Use the IF function to complete the "Time Bonus $" column of table 1. If an employee
earns a time bonus (i.e., the corresponding cell in the "Time Bonus?" column is TRUE),
then "Time Bonus $" is the "Job Pay" for that project times the bonus percentage in cell
M11. Otherwise "Time Bonus $" is 0. - Answers - =IF(I16=TRUE,K16*$M$11,0)

IF I16 is true, it will *.010, if not, it will display 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