WGU C268 Spreadsheets Questions and Answers (Verified
Answers)
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]
=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.
=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.
=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 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
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-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 $4000. Will this
cover the balance remaining on the car in period 36? Answer either "Yes" or "No"
in cell G15 from the drop-down menu.
No
, Use the HLOOKUP function to complete the "Hourly Wage" column of table 1.
Use the "Employee" column of table 1 as the lookup_value and the "Employee
Wage Information" above table 1 as your reference table.
=HLOOKUP(D16,$E$11:$H$12,2,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.
=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.
=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 $" is 0.
=IF(I16,K16*$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 cell M12; otherwise, "Outcome
Bonus $" is 0.
=IF(J16,K16*$M$12,0)
Use the IF function to complete the "Comments" column of table 1. Display
"Good Job" if both the "Hours Worked" are less than or equal to the "Estimated
Hours" for a project and the assessed "Quality" of that project is greater than 1.
Display "Too Much Time" if the "Hours Worked" on a project exceed the
"Estimated Hours" for that project; otherwise, display "Poor Quality."
=IF(AND(E16<=C16,H16>1),"Good Job",IF(E16>C16,"Too Much time","Poor Quality"))
Use the VLOOKUP function to complete the "Employee" column of table 2. Use
"Job ID" from table 2 as your lookup_value(s) and table 1 as the reference table.
=VLOOKUP(B40,$B$16:$O$35,3,FALSE)
Use the VLOOKUP function to complete the "Difficulty" column of table 2. Again,
use "Job ID" from table 2 as the lookup_value(s) and table 1 as the reference
table.
=VLOOKUP(B40,$B$16:$O$35,6,FALSE)
Use the COUNTIF function to complete the "# of Jobs" column in table 3.
Reference the appropriate field in table 1 as your range and the "Employee"
names in table 3 as your criteria.
=COUNTIF($D$16:$D$35,G39)
Use the SUMIF function to complete the "Total Hours" column in table 3.
Reference the appropriate field in table 1 as your range and the "Employee"
names in table 3 as your criteria.
=SUMIF($D$16:$D$35,G39,$E$16:$E$35)
Answers)
Calculate the payment amount for the loan in cell C15. Reference the cells
containing the appropriate loan information as the arguments for the function you
use. Cells C20-C67 in the "Payment" column are populated with the payment
amount from cell C15. [34 Points]
=PMT(Rate/#months of term,LoanAmt)
=PMT(C13/12,C12,C11)
Calculate, in cell D20, the interest amount for period 1 by multiplying the balance
in period 0 (cell F19) by the loan interest rate (cell C13) divided by 12. Dividing the
interest rate by 12 results in the monthly interest rate. This formula is reusable.
The interest for a given period is always the monthly interest rate times the
balance from the previous period.
=F19*$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.
=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 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
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-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 $4000. Will this
cover the balance remaining on the car in period 36? Answer either "Yes" or "No"
in cell G15 from the drop-down menu.
No
, Use the HLOOKUP function to complete the "Hourly Wage" column of table 1.
Use the "Employee" column of table 1 as the lookup_value and the "Employee
Wage Information" above table 1 as your reference table.
=HLOOKUP(D16,$E$11:$H$12,2,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.
=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.
=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 $" is 0.
=IF(I16,K16*$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 cell M12; otherwise, "Outcome
Bonus $" is 0.
=IF(J16,K16*$M$12,0)
Use the IF function to complete the "Comments" column of table 1. Display
"Good Job" if both the "Hours Worked" are less than or equal to the "Estimated
Hours" for a project and the assessed "Quality" of that project is greater than 1.
Display "Too Much Time" if the "Hours Worked" on a project exceed the
"Estimated Hours" for that project; otherwise, display "Poor Quality."
=IF(AND(E16<=C16,H16>1),"Good Job",IF(E16>C16,"Too Much time","Poor Quality"))
Use the VLOOKUP function to complete the "Employee" column of table 2. Use
"Job ID" from table 2 as your lookup_value(s) and table 1 as the reference table.
=VLOOKUP(B40,$B$16:$O$35,3,FALSE)
Use the VLOOKUP function to complete the "Difficulty" column of table 2. Again,
use "Job ID" from table 2 as the lookup_value(s) and table 1 as the reference
table.
=VLOOKUP(B40,$B$16:$O$35,6,FALSE)
Use the COUNTIF function to complete the "# of Jobs" column in table 3.
Reference the appropriate field in table 1 as your range and the "Employee"
names in table 3 as your criteria.
=COUNTIF($D$16:$D$35,G39)
Use the SUMIF function to complete the "Total Hours" column in table 3.
Reference the appropriate field in table 1 as your range and the "Employee"
names in table 3 as your criteria.
=SUMIF($D$16:$D$35,G39,$E$16:$E$35)
