WGU C268 Study Guide for EXCEL PA Question and answers
rated A+ 2025 updated
1. Calculate the payment amount for the column of the
loan in cell C15. Reference the cells amortization
containing the ap- propriate loan table.
information as the arguments for the
function you use. Cells C20-C67 in the 5. Copy the principal
"Payment" column are populated with the amount
pay- ment amount from cell C15. calculation down
to complete the
2. Calculate, in cell D20, the interest "principal"
amount for period 1 by multiplying the column of the
balance in period 0 (cell F19) by the amorti- zation
loan interest rate (cell C13) divided by table.
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 bal- ance from the
previous period.
f
3. Copy the Interest amount calcualtion
down to complete the "interest" column
of the amortiza- tion table.
4. 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.
Con- struct your formula in such a way
that it can
be reused to complete the "principal"
1/
35
,WGU C268 Study Guide for EXCEL PA Question and answers
rated A+ 2025 updated
=PMT(C13/12,C12,C11)
=F19*C$13/12
Paste down column .
=C20-D20
Copy and paste down.
2/
35
,WGU C268 Study Guide for EXCEL PA Question and answers
rated A+ 2025 updated
6. Calculate, in cell F20, the balance for paid and the
period 1. The balance is the difference original loan
between the bal- ance for period 0 (cell amount. Notice
F19) and the principal amount for period the negative sign
1 (cell E20). This formula is reusable. associ- ated with
The balance is always calculated as the the original loan
difference between the balance from the amount. This
previous period and the principal value should
amount for the current period. equal the total
interest
7. Copy the balance amount calculation calculated using
down to complete the balance column of the amortization
the amortiza- tion table. table.
8. Calculate, in cell G12, the total amount
paid by multiplying the payment amount
(cell C15) by the term of the loan (cell
C12).
9. 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.
10. Check to see if the total interest
calculation in the amortization table is
correct. The total in- terest paid is also
equal to the difference be- tween 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
3/
35
, WGU C268 Study Guide for EXCEL PA Question and answers
rated A+ 2025 updated
=F19-E20
Copy and paste down.
=C15*C12
=SUM(D20:D67)
=G12+C11
4/
35
rated A+ 2025 updated
1. Calculate the payment amount for the column of the
loan in cell C15. Reference the cells amortization
containing the ap- propriate loan table.
information as the arguments for the
function you use. Cells C20-C67 in the 5. Copy the principal
"Payment" column are populated with the amount
pay- ment amount from cell C15. calculation down
to complete the
2. Calculate, in cell D20, the interest "principal"
amount for period 1 by multiplying the column of the
balance in period 0 (cell F19) by the amorti- zation
loan interest rate (cell C13) divided by table.
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 bal- ance from the
previous period.
f
3. Copy the Interest amount calcualtion
down to complete the "interest" column
of the amortiza- tion table.
4. 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.
Con- struct your formula in such a way
that it can
be reused to complete the "principal"
1/
35
,WGU C268 Study Guide for EXCEL PA Question and answers
rated A+ 2025 updated
=PMT(C13/12,C12,C11)
=F19*C$13/12
Paste down column .
=C20-D20
Copy and paste down.
2/
35
,WGU C268 Study Guide for EXCEL PA Question and answers
rated A+ 2025 updated
6. Calculate, in cell F20, the balance for paid and the
period 1. The balance is the difference original loan
between the bal- ance for period 0 (cell amount. Notice
F19) and the principal amount for period the negative sign
1 (cell E20). This formula is reusable. associ- ated with
The balance is always calculated as the the original loan
difference between the balance from the amount. This
previous period and the principal value should
amount for the current period. equal the total
interest
7. Copy the balance amount calculation calculated using
down to complete the balance column of the amortization
the amortiza- tion table. table.
8. Calculate, in cell G12, the total amount
paid by multiplying the payment amount
(cell C15) by the term of the loan (cell
C12).
9. 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.
10. Check to see if the total interest
calculation in the amortization table is
correct. The total in- terest paid is also
equal to the difference be- tween 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
3/
35
, WGU C268 Study Guide for EXCEL PA Question and answers
rated A+ 2025 updated
=F19-E20
Copy and paste down.
=C15*C12
=SUM(D20:D67)
=G12+C11
4/
35
