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In the simplified form, its function can be formulated as follows: to find the meanings, which must be entered in
the single formula, to obtain the desired (known) result.
It is necessary to choose the interest rate on the loan, if we know the amount of money and timefrime.
Complete to the table by the input information.
The percentage rate is unknown, so the cell B3 is empty. To calculate the monthly payments using the =PLT()
function.
When the conditions of the problem is recorded, proceed to the «DATA» tab. «Data Tools»-«What-If
Analysis»-«Goal Seek».
In the field «Set cell» we set the reference to the cell with the calculation formula (B4). The field «To value» is
intended to introduce the desired result of the formula. In this example, this is amount of monthly payments.
For example -5000 (that the formula to work properly, put the sign up «minus», because these money will be
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12/17/2019 Goal Seek selection of parameters Excel and examples of its use
given to). In the field «By changing cell» – we set the absolute reference to the cell with the desired parameter
($B$3).
The function «Goal Seek» changes the value in the cell B3 until it receives the result of user-defined formulas,
which was written in the cell B4. The command gives only one solution of the problem.
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12/17/2019 Goal Seek selection of parameters Excel and examples of its use
The «Goal Seek» function is perfect for solving equations with one unknown. We consider for example the
expression: 20 * x - 20 /x = 25. The argument x – is the desired setting. Let this function helps to solve the
equation of the parameter selection and display the value found in the cell E2.
In the cell E3 we enter the formula: = 20 * E2 - 20 / E2. And in the cell E2 we enter any number, that is in the
domain of the function. Let it be 2.
«By changing the value of the cell» - $ E $ 2 (the cell assigned to the argument x).
The function «Goal Seek» returns search results as the first value found. Regardless of that, how the equation
has the solutions.
If, for example, we put in the cell E2 we put the seed -2, the solution will be another.
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12/17/2019 Goal Seek selection of parameters Excel and examples of its use
The example 1. The selection method of the initial investment amount (of contribution).
the sum payment at the end of the period – is the desired number (500 000).
The seed money – is the unknown value. In the cell B4 (the compounding ratio) – is the formula = (1 + B3) ^
B2.
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12/17/2019 Goal Seek selection of parameters Excel and examples of its use
To 10 years to get 500 000 at 10% per annum, it is required to make 193 050.2
The example 2: Calculate the possible increase in old-age pension due to the participation in the state
program of co-financing.
the period of payment of additional premiums – is the calculated value of (the retirement age (in
this example - for a man) minus the age of the participant of the program at the time of his
accession);
the pension savings – the estimated value (accumulated amount in the period by a member, the
state increased in 2 times);
From what age you should pay 1000 in additional insurance premiums to get an increase to the pension in
2000:
The cell with the formula for calculating pension increases is active - call the command «Goal
Seek». Fill in the fields in the open menu.
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12/17/2019 Goal Seek selection of parameters Excel and examples of its use
To get an increase in 2000, you need monthly transfer to the funded part of the pension of 1000 with 41 years.
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