C268 WGU STUDY GUIDE| WGU C268
SPREADSHEETSACTUAL EXAM QUESTIONS
WITH ANSWERS NEW MODIFIED 2025/2026
LATEST
Use the LEN function in cell D10 to determine the number of
characters in the statement template in cell D9. -- ANSWER--
=LEN(D9)
Use the SEARCH function in cell D11 to determine the position of
the "#" character in the statement template (cell D9). -- ANSWER--
=SEARCH("#",D9)
Use the SEARCH function in cell D12 to determine the position of
the "$" character in the statement template (cell D9). -- ANSWER--
=SEARCH("$",D9)
Use the LEFT function in cell D13 to return the text "I spent $" from
the statement template in cell D9. Refer to the location of the "$"
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,character you calculated in cell D12 as the "num_char" argument for
your function. --
ANSWER--=LEFT(D9,D12)
Use the MID function in cell D14 to return the text "at merchant #"
from the statement template in cell D9. Refer to the location of the "$"
(in cell D12)— adjusted by adding 1—as the "start_num" argument.
Use the difference between the location of the "#" character (in cell
D11) and the "$" character (in cell D12) as the "num_char" argument.
-- ANSWER--=MID(D9,D12+1,D11-D12)
Use the RIGHT function in cell D15 to return the text "on:" from the
statement template in cell D9. Use the difference between the length
of the statement template (in cell D10) and the location of the "#"
character (in cell D11) as the
"num_char" argument. -- ANSWER--=RIGHT(D9,D10-D11)
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
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,is always the monthly interest rate times the balance from the
previous period. -- ANSWER--=F19*$C$13/12
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 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 amount for period 1 (cell E20). This formula is reusable.
The balance is always calculated as the difference between the
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, 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)
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SPREADSHEETSACTUAL EXAM QUESTIONS
WITH ANSWERS NEW MODIFIED 2025/2026
LATEST
Use the LEN function in cell D10 to determine the number of
characters in the statement template in cell D9. -- ANSWER--
=LEN(D9)
Use the SEARCH function in cell D11 to determine the position of
the "#" character in the statement template (cell D9). -- ANSWER--
=SEARCH("#",D9)
Use the SEARCH function in cell D12 to determine the position of
the "$" character in the statement template (cell D9). -- ANSWER--
=SEARCH("$",D9)
Use the LEFT function in cell D13 to return the text "I spent $" from
the statement template in cell D9. Refer to the location of the "$"
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,character you calculated in cell D12 as the "num_char" argument for
your function. --
ANSWER--=LEFT(D9,D12)
Use the MID function in cell D14 to return the text "at merchant #"
from the statement template in cell D9. Refer to the location of the "$"
(in cell D12)— adjusted by adding 1—as the "start_num" argument.
Use the difference between the location of the "#" character (in cell
D11) and the "$" character (in cell D12) as the "num_char" argument.
-- ANSWER--=MID(D9,D12+1,D11-D12)
Use the RIGHT function in cell D15 to return the text "on:" from the
statement template in cell D9. Use the difference between the length
of the statement template (in cell D10) and the location of the "#"
character (in cell D11) as the
"num_char" argument. -- ANSWER--=RIGHT(D9,D10-D11)
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
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,is always the monthly interest rate times the balance from the
previous period. -- ANSWER--=F19*$C$13/12
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 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 amount for period 1 (cell E20). This formula is reusable.
The balance is always calculated as the difference between the
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, 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)
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