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  • Real World 21 Sheet1

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    adkinsm15
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    This document shows an example of using the Goal Seek function in Excel to determine the monthly house payment amount needed over 10 years to pay off a loan of $31,576.68 with an interest rate of 9%. A data table is generated showing the total amount paid at the end of 10, 20, and 30 years for interest rates between 7-10% and 20%. The document also demonstrates using the Text to Columns function to separate names into first and last names in separate columns.

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    This document shows an example of using the Goal Seek function in Excel to determine the monthly house payment amount needed over 10 years to pay off a loan of $31,576.68 with an interest rate of 9%. A data table is generated showing the total amount paid at the end of 10, 20, and 30 years for interest rates between 7-10% and 20%. The document also demonstrates using the Text to Columns function to separate names into first and last names in separate columns.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    Real World 21 Sheet1

    Uploaded by

    adkinsm15
    This document shows an example of using the Goal Seek function in Excel to determine the monthly house payment amount needed over 10 years to pay off a loan of $31,576.68 with an interest rate of 9%. A data table is generated showing the total amount paid at the end of 10, 20, and 30 years for interest rates between 7-10% and 20%. The document also demonstrates using the Text to Columns function to separate names into first and last names in separate columns.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    House Payment for 10 Years

    Real World 21

    Goal Seek
    Payment
    Amount Borrowed
    Interest
    Term

    $400.00
    -$31,576.68
    0.09
    120

    Data Table
    $400.00
    0.07
    0.08
    0.09
    0.1
    0.2
    Text to Columns
    David
    Jennifer
    Chelsea
    Meghan

    Adkins
    Adkins
    Adkins
    Adkins

    24
    $853,190.79
    $750,597.41
    $670,815.40
    $607,001.34
    $320,155.40

    48
    $1,185,464.21
    $1,045,492.83
    $936,663.78
    $849,634.35
    $458,929.42
    Data Table

    Learning Targets:
    Used Text to Columns
    Used Goal Seek
    Created a Data Table
    Goal Seek lets you find an input value
    when you know the result you want a
    formula to produce.

    72
    $1,487,782.98
    $1,314,227.00
    $1,179,307.13
    $1,071,432.48
    $587,675.17

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