WGU C268 Study Guide for EXCEL PA
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. -
ANS=PMT(C13/C12,C12,C11,0,)
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 - ANS=F19*0.65/12
Copy the Interest amount calcualtion down to complete the "interest" column of the
amortization table. - ANSPaste 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. - ANS=C20-D20
Copy the principal amount calculation down to complete the "principal" column of the
amortization table. - ANSCopy 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. -
ANS=F19-E20
Copy the balance amount calculation down to complete the balance column of the
amortization table. - ANSCopy 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). - ANS=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. - ANS=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.
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. -
ANS=PMT(C13/C12,C12,C11,0,)
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 - ANS=F19*0.65/12
Copy the Interest amount calcualtion down to complete the "interest" column of the
amortization table. - ANSPaste 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. - ANS=C20-D20
Copy the principal amount calculation down to complete the "principal" column of the
amortization table. - ANSCopy 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. -
ANS=F19-E20
Copy the balance amount calculation down to complete the balance column of the
amortization table. - ANSCopy 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). - ANS=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. - ANS=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.
