WGU C268 ACTUAL STUDY GUIDE EXAM FOR EXCEL
PA WITH BEST SOLUTIONS 2026
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)
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(C13/12,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
=F19*C$13/12
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.
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+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.
PA WITH BEST SOLUTIONS 2026
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)
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(C13/12,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
=F19*C$13/12
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.
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+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.
