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Prices 600000 Month Principle Intrest EMI Objective:

Down Payment 315262.8 1 284737 3322 13671


Loan Amount 284737.2 2 274388 3201 13671 Steps:
Loan Period (Months) 36 3 263918 3079 13671 1)
Int Rate 14% 4 253326 2955 13671 2)
EMI 13671.05 5 242611 2830 13671
6 231770 2704 13671
7 220803 2576 13671
8 209708 2447 13671
9 198483 2316 13671
10 187128 2183 13671
11 175640 2049 13671
12 164018 1914 13671
13 152261 1776 13671 3)
14 140366 1638 13671
15 128333 1497 13671 Note:
16 116159 1355 13671
17 103843 1212 13671
18 91383 1066 13671
19 78778 919 13671
20 66026 770 13671
21 53126 620 13671
22 40074 468 13671
23 26871 313 13671
24 13513 158 13671
25 0 0 13671
26 -13671 -159 13671
27 -27502 -321 13671
28 -41494 -484 13671
29 -55649 -649 13671
30 -69969 -816 13671
31 -84456 -985 13671
32 -99113 -1156 13671
33 -113940 -1329 13671
34 -128940 -1504 13671
35 -144116 -1681 13671
36 -159468 -1860 13671
37 -175000 -2042 13671
Find the down payment amount which will help customer to be debt free in 24 months.

Data --> What-if Analysis --> Goal-seek


Set the parameter as shown

The value in Cell: B2 will change, such that the value in Cell: E26 reduce to Zero

Study the formula used in Cell: E2 to G2, E3 to G3 and so on.

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