- #USE GOAL SEEK EXCEL GENERATOR#
- #USE GOAL SEEK EXCEL MANUAL#
Goal Seek increases interest rate in cell B4 changes from 6.50% to 20.11%, keeping the number of years and the initial investment unchanged. Select B4 in ‘ By Changing Cell ‘ to change the rate of interest. He wants to find the interest rate which will help him to attain the desired return. The person now wants to increase the return amount to $ 1500000, but he does not want to increase the time period of investment as well as an initial investment amount. So to find out the return, the person uses the FV function (procedure of calculation is shown in the above figure). The rate of interest is 6.5 %, and the number of years is for 5 years. 
The bank employee suggested he open a Fixed Deposit Account. In the above figure, a person wants to invest a lump sum amount in his bank for a certain period of time. Now let us take another example Example #4 As a result, the Equated Monthly Instalment (EMI) decreased to Rs.
Goal Seek lowers the monthly payment, the number of payments in cell B4 changes from 45 to 82.90. In the Goal Seek Dialog Box, select B6 in the ‘ Set Cell.’. Click on What if Analysis, drop-down menu. So, to achieve this, the person needs to go for Goal Seek. However, he does not want to increase the total amount of repayment by more than Rs 25000. 
Now he wants to increase the number of repayment periods as he would not be able to pay Rs 481.32 per month. When he calculated the total amount, which he will be repaid in 45 months, he got Rs 21659.47 as a result. He has been told that the loan amount will be sanctioned at an interest rate of 10% per annum for a period of 45 months, which makes the repayment of Rs 481.32 per month. In the above figure, a person has taken a loan amount of Rs 18000. So the Profit value (Revenue – Fixed Cost + Variable cost) needs to be zero to attain break-even value. of generators that can be sold, which will return the break-even value (No Profit No Loss).
#USE GOAL SEEK EXCEL GENERATOR#
It is identified that the maximum price for which a generator can be sold is Rs. We can see that the company is suffering a loss of 13.8 lacs. The price of each generator is Rs 18000, and the quantity sold is 100 nos.
In the Goal Seek Dialog Box, select B3 in the ‘ Set Cell.’. Click on the What-if Analysis drop-down menu. If A is 9, what will be the second number for B to get the result, 72. Quick Note: It’s one of those Excel Tips that can help to get better at Basic Excel Skills.In the above figure, there are two numbers, A and B, with the value of 9 and 6, respectively.Ī product is done using the function =PRODUCT(B1,B2), resulting to 54. And, I hope this will help you get better at Excel. The best part is, you can use it with VBA as well. It will do all the complex calculations for you in a second. #USE GOAL SEEK EXCEL MANUAL#
ConclusionĪs I said, if you try to find input value by applying manual method you need to spend a lot of time or create a formula to perform a back calculation.īut by using goal seek, you can do this in a single click. Target = InputBox("Enter the required value", "Enter Value")ĭownload this sample file from here to learn more.
Changing Cell: Cell in which changes require for achieving result value. Goal: Desired result which we want to return as a result. Expression: It must be a cell in which you want the desired result. Yes, you are right, you can use goal seek with VBA. Hope you don’t mind if you can add some extra chocolate in it using VBA. 
You can enjoy your coffee while working with Excel’s goal seek command. Goal seek is only able to work with single cell input value at one time.Also, make sure to check above two pointers. Sometimes Excel will not able to give you the desired result and pop up a message that “may not have found a solution”. In that situation, you can enter a value closer to your result and try again ($999.95 instead of $1000).You can adjust its iteration from File-> Options -> Formulas (it can increase its accuracy level).
Goal Seek use iteration method to reach the target value which you mention in “To Value”. A cell which is used as s et cell must contain a formula which is dependent on cell “By Changing Cell”. These are few points need to be kept in mind while using goal seek.
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