WGU C268 Study Guide for Excel PA Questions and Answers 2026/2027 | A+ Grade Spreadsheet Applications Study Guide

WGU C268 Study Guide for EXCEL PA questions and
answers 2026\2027 A+ Grade

AMORTIZATION 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)



2. 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



3. Copy the Interest amount calcualtion down to complete the "interest" column of the amortization
table.
- correct answer Paste down column .



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. 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



5. Copy the principal amount calculation down to complete the "principal" column of the amortization
table.
- correct answer Copy and paste down.



6. 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 =F19-E20

, 7. Copy the balance amount calculation down to complete the balance column of the amortization
table.
- correct answer Copy and paste down.



8. 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



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.
- correct answer =SUM(D20:D67)



10. 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



11. 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



FOUR Js 1. 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.
- correct answer =HLOOKUP(D16, E$11:H$12, 2,False)



2. 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)



3. 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)