wgu c268 spreadsheets exam questions and answers 2
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WGU C268 Spreadsheets Exam Questions and
Answers 2022-2023 100% Verified Answers
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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. - ☑️☑️=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 - ☑️☑️=F19*0.65/12
Copy the Interest amount calcualtion down to complete the "interest" column
of the amortization table. - ☑️☑️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. -
☑️☑️=C20-D20
Copy the principal amount calculation down to complete the "principal" column
of the amortization table. - ☑️☑️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. - ☑️☑️=F19-E20
Copy the balance amount calculation down to complete the balance column of
the amortization table. - ☑️☑️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). - ☑️☑️=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. -
☑️☑️=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. - ☑️☑️=G12-G13
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. - ☑️☑️Yes
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. -
☑️☑️=HLOOKUP(D16, $E$11:$H$12, 2, 0)
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