![]() ![]() In some cases, multiple values of the input cell may produce the same desired result. You can adjust the precision on the Formulas tab of the Excel Options dialog box (make the Maximum Change value smaller). Excel comes up with a value of 4.999976462, which is close to the square root of 25, but certainly not exact. Then use the Goal Seek dialog box to find the value in cell A1 (it is empty) that makes the formula return 25. To demonstrate this limitation, enter =A1^2 into cell A2. Like all computer programs, Excel has limited precision. Make sure that the formula cell exists, indeed, depend upon the specified changing cell. If you increase the number of iterations (or calculations), it will make Excel try more possible solutions. Adjust the Maximum iterations setting on the Formulas tab of the Excel Options dialog box.Click OK to begin the goal-seeking process. You can enter this information in the dialog box either by typing the cell references or by pointing the cells with the mouse. Read the dialog box like this sentence: we want to Set cell C11 To value 1800 By changing cell C4. Completing this dialog box is similar to forming a sentence. The Goal Seek dialog box shown in the following figure will appear. Next, choose Data ➪ Data Tools ➪ What-If Analysis ➪ Goal Seek. Enter 7.5% in cell C7 (the annual interest rate).Enter 300 in cell C6 (the loan term, in months). ![]() Enter 30% in cell C5 (the down payment percent).To answer the question presented in the preceding paragraph, first enter the values that you already know in the input cells. Read More: How to use Goal Seek in Excel 2016 With more complex models, Excel can usually determine the answer much more efficiently. That is really a toilsome job and boring. You may ask yourself: “What is the maximum purchase price I can handle when selecting a home?” In other words, what will be the value of cell C4 ( it is the purchase price) that will cause the formula cell C11 (it is monthly payment) to show the result $1,800? In this simple example, you could put in values into cell C4 until C11 displays $1,800. You’re also informed that a lender can issue a 25-year fixed-rate mortgage loan for 7.50%, based on a 70% loan-to-value (that is, a 30% down payment). You calculated that you can afford a $1,800 monthly mortgage payment. Suppose you want to buy a new home and you’re in the market. This worksheet is a good example of goal-seeking feature in Excel. ![]()
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