1|Page
WGU C268 SPREADSHEETS EXAM PREASSESSMENT AND
OBJECTIVE ASSESSMENT 2026/2027 | ACCURATE AND
VERIFIED EXAM VERSION WITH A STUDY GUIDE
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. [34 Points]
......ANSWER......=PMT(Rate/#months of term,LoanAmt)
=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. ......ANSWER......=F19*$C$13/12
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
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
pg. 1
,2|Page
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
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
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)
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.
......ANSWER......=G12-ABS(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
$4000. Will this cover the balance remaining on the car in period 36?
Answer either "Yes" or "No" in cell G15 from the drop-down menu.
......ANSWER......No
pg. 2
, 3|Page
Use the HLOOKUP function to complete the "Hourly Wage" column of
table 1. Use the "Employee" column of table 1 as the lookup_value and
the "Employee Wage Information" above table 1 as your reference
table. ......ANSWER......=HLOOKUP(D16,$E$11:$H$12,2,FALSE)
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)
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)
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 $" is 0. ......ANSWER......=IF(I16,K16*$M$11,0)
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 $" is
the "Job Pay" for that project times the outcome bonus percentage in
pg. 3
WGU C268 SPREADSHEETS EXAM PREASSESSMENT AND
OBJECTIVE ASSESSMENT 2026/2027 | ACCURATE AND
VERIFIED EXAM VERSION WITH A STUDY GUIDE
Calculate the payment amount for the loan in cell C15. Reference the
cells containing the appropriate loan information as the arguments for
the function you use. Cells C20-C67 in the "Payment" column are
populated with the payment amount from cell C15. [34 Points]
......ANSWER......=PMT(Rate/#months of term,LoanAmt)
=PMT(C13/12,C12,C11)
Calculate, in cell D20, the interest amount for period 1 by multiplying
the balance in period 0 (cell F19) by the loan interest rate (cell C13)
divided by 12. Dividing the interest rate by 12 results in the monthly
interest rate. This formula is reusable. The interest for a given period is
always the monthly interest rate times the balance from the previous
period. ......ANSWER......=F19*$C$13/12
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
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
pg. 1
,2|Page
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
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
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)
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.
......ANSWER......=G12-ABS(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
$4000. Will this cover the balance remaining on the car in period 36?
Answer either "Yes" or "No" in cell G15 from the drop-down menu.
......ANSWER......No
pg. 2
, 3|Page
Use the HLOOKUP function to complete the "Hourly Wage" column of
table 1. Use the "Employee" column of table 1 as the lookup_value and
the "Employee Wage Information" above table 1 as your reference
table. ......ANSWER......=HLOOKUP(D16,$E$11:$H$12,2,FALSE)
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)
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)
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 $" is 0. ......ANSWER......=IF(I16,K16*$M$11,0)
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
pg. 3
