WGU Spreadsheets C268 Final OA Study Guide Latest Update 2024-2025 Questions and Verified Correct Answers Guaranteed A+ ^^ 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(highlight from start to finish all the fields you are adding together) Example: =SUM(D20:D67)
^^ 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. [3 points] - CORRECT ANSWER: In the proper cell do the following: ={select the field mark balance}*{select field marked interest rate - be sure to add a $ in the field because you do not want the interest rate to change at all}/12
EXAMPLE: =F19*C$13/12
^^ 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: Follow the instructions carefully
Example =F19-E20
^^ Check to see if the total interest calculation in the amortization table is correct. The total interest paid is equal to difference between total amount paid over the course of the loan and 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 - CORRECT ANSWER: ={select field of total overall amount paid} + {select original loan amount, you are doing + to offset the fact that the loan amount in this case is a negative number). This balance should equal total interest paid
Example: =G12+C11
^^ Copy the principal amount calculation down to complete the "principal" column of the amortization table. [2 points] - CORRECT ANSWER: Simply click the corner of the field you want to copy, then highlight all the fields you want it to copy to and let go. It will copy down
^^ How to calculate payment amount for a loan - CORRECT ANSWER: In the cell next to the word payment enter: =PMT(rate [select the field with the interest rate]/12 [you put /12 because its monthly and there are 12 months in a year], nper [select the field with the term], pv [select the field with the principal value] - this will produce the results 1 / 2
Example: =PMT(C13/12, C12, C11)
^^ 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([select the field for hours worked]<[select field for estimated hours],[select field for quality]>1) Example=AND(E16
^^ 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. - CORRECT ANSWER: =countif([enter range of table to include employee name - do not forget the $ between the letter and number so that the range does not change], enter field showing employee name) Example: =COUNTIF(B$16:D$35,G39)
^^ 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: in the first open hourly wage column enter: =HLOOKUP([select the filed with the first employee name in it], [highlight the full employee wage table -adding $ after the letters of the fields so that the selected employee wage doe snot change], [enter which row you want to pull the hourly wage from, in this case it was row 2], [enter the word FALSE because you want an EXACT match] Example: =HLOOKUP(D16,D$11:H$12,2,FALSE)
^^ 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." - CORRECT ANSWER: =if(and [use and here because it says if both][enter field for hours worked]<=[enter field for estimated hours],[enter field for quality]>1),"Good Job",IF(enter field hours worked]>[enter field estimated hours],"Too Much Time","Poor Quality")) Example =IF(AND(E16<=C16,H16>1),"Good Job",IF(E16>C16,"Too Much Time","Poor Quality"))
^^ 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([select field for outcome bonus]=true, [select field with job pay]*[select filed with outcome bonus - be sure to enter a $ between the letter and number for time bonus because you do not want the bonus % to change], 0 Example =IF(J16=TRUE,K16*M$12,0)
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