WGU - C268 Spreadsheets -
Useful formula guide
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. Correct Answer: 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. Correct Answer: =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] Correct Answer: 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. Correct
Answer: =C20-D20
Copy the principal amount calculation down to complete the "principal" column of the amortization
table. Correct Answer: 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. Correct Answer: =C20-D20
Copy the balance amount calculation down to complete the "Balance" column of the amortization table.
Correct Answer: 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). Correct 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. Correct Answer: =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.
Correct Answer: =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. Correct Answer: 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. Correct Answer: =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. Correct Answer: =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.
Correct Answer: =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 $" is 0.
Correct Answer: =IF(I16=TRUE,K16*$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 times the outcome bonus percentage in cell M12; otherwise,
"Outcome Bonus $" is 0. Correct Answer: =IF(J16=True, K16*$M$12,0)
IF J16 is true, it will *.010 the Out come percentage bonus
Use the IF function to complete the "Comments" column of table 1. Display "Good Job" if both the
"Hours Worked" are less than or equal to the "Estimated Hours" for a project and the assessed "Quality"
Useful formula guide
1. Calculate the payment amount for the loan in cell C15. Reference the cells containing the appropriate
loan information as the arguments for the function you use. Cells C20-C67 in the "Payment" column are
populated with the payment amount from cell C15. Correct Answer: PMT=(c13/12,c12,c11)
Payment
Calculate, in cell D20, the interest amount for period 1 by multiplying the balance in period 0 (cell F19)
by the loan interest rate (cell C13) divided by 12. Dividing the interest rate by 12 results in the monthly
interest rate. This formula is reusable. The interest for a given period is always the monthly interest rate
times the balance from the previous period. Correct Answer: =F19*$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] Correct Answer: 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. Correct
Answer: =C20-D20
Copy the principal amount calculation down to complete the "principal" column of the amortization
table. Correct Answer: 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. Correct Answer: =C20-D20
Copy the balance amount calculation down to complete the "Balance" column of the amortization table.
Correct Answer: 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). Correct 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. Correct Answer: =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.
Correct Answer: =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. Correct Answer: 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. Correct Answer: =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. Correct Answer: =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.
Correct Answer: =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 $" is 0.
Correct Answer: =IF(I16=TRUE,K16*$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 times the outcome bonus percentage in cell M12; otherwise,
"Outcome Bonus $" is 0. Correct Answer: =IF(J16=True, K16*$M$12,0)
IF J16 is true, it will *.010 the Out come percentage bonus
Use the IF function to complete the "Comments" column of table 1. Display "Good Job" if both the
"Hours Worked" are less than or equal to the "Estimated Hours" for a project and the assessed "Quality"
