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The formula also refers to cell B3, which is where you will specify that Goal Seek put the interest rate. The formula refers to cells B1 and B2, which contain values that you specified in preceding steps.

You don't enter that amount here, because you want to use Goal Seek to determine the interest rate, and Goal Seek requires that you start with a formula. This formula calculates the payment amount. Next, add the formula for which you have a goal. Instead, you add the formula to the worksheet and specify the payment value at a later step, when you use Goal Seek. In cell B2, type This is the number of months that you want to pay off the loan. In cell B1, type This is the amount that you want to borrow. First, add some labels in the first column to make it easier to read the worksheet. In this example, the monthly payment amount is the goal that you seek. The PMT function calculates a monthly payment amount. Because you want to calculate the loan interest rate needed to meet your goal, you use the PMT function.

If you want to accept more than one input value for example, both the loan amount and the monthly payment amount for a loan, you use the Solver add-in.įor more information, see Define and solve a problem by using Solver. You can use Goal Seek to determine what interest rate you will need to secure in order to meet your loan goal. You know how much money you want, how long you want to take to pay off the loan, and how much you can afford to pay each month. For example, suppose that you need to borrow some money. This is the empty cell, which is where the result of the Goal Seek tool will appear.If you know the result that you want from a formula, but are not sure what input value the formula needs to get that result, use the Goal Seek feature. Checkbox in html table rowĬlick What-if Anaylsis.

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How to use Goal Seek in Excel for What-If analysisĬookie Settings. By using our site, you agree to our cookie policy.
Xlminer for mac 2011 for free#
Please help us continue to provide you with our trusted how-to guides and videos for free by whitelisting wikiHow on your ad blocker. Nicole also holds an MFA in Creative Writing from Portland State University and teaches composition, fiction-writing, and zine-making at various institutions.
Xlminer for mac 2011 software#
What I want to do next is vary N2 col.She has more than 20 years of experience creating technical documentation and leading support teams at major web hosting and software companies. That gives me answer for that row of data col. Here's the example: I use goal seek to solve for what value of C col. After you use goal seek, doesn't the input cell just have a value in it? So, if you copy the row, aren't you just copying a hardcoded value? Perhaps you could post a sample of your data formulas particularly. Joined Jun 20, Messages 7, Welcome to the board. Using Function Arguments with nested formulas. How to use "goal seek" many times? Thread starter insaneoctane Start date Dec 2, Joined Dec 2, Messages I've got several parameters in one row and I am using goal seek to manipulate one of the cells until another cell becomes zero, which is my solution I'd like to drag copy this row down many many times and vary one of the cells during the drag, but the row that contains the goal seek solution clearly isn't right It would need to manually be run on each row which would take forever!Īny ideas? If it's not clear, I'll upload a picture later.
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You should upgrade or use an alternative browser. It may not display this or other websites correctly. For a better experience, please enable JavaScript in your browser before proceeding. If you forgot your password, you can reset your password. Use Goal Seek to find the result you want by adjusting an input value Excel Articles Latest reviews Search Excel articles. What's new New posts New Excel articles Latest activity.
