Escolar Documentos
Profissional Documentos
Cultura Documentos
2007
Intermediate Skills
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Fredericton, NB
Canada E3B 5A3
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A1 = Principal
A2 = Interest Rate
A3 = Term
A4 = Payment
3. In cell B4 enter the PMT function (see PMT Function Module for details) to determine the monthly
payments. The following information should be entered into the fields:
Rate = B2/12
Nper = B3
Pv = -B1
1. On the Data tab, in the Data Tools group, click What-If Analysis > Goal Seek
2. In the Set cell box, enter the reference for the cell that contains the formula. In the example, this
reference is cell B4
3. In the To value box, type the formula result that you want. Lets enter 1,500 (this is the maximum
amount we would like to or can afford to spend on a monthly basis
4. In the By changing cell box, enter the reference for the cell that contains the value that you want to
adjust. In the example, this reference is cell B1 the Principal cost of the mortgage.
Note The cell that Goal Seek changes must be referenced by the formula in the cell that you specified
in the Set cell box.
1. Click OK.
2. Goal Seek runs and produces a result, as shown in the following illustration
3. If you agree with the result now appearing in cell B1 click OK to return to your workbook
In our example, if we can only afford a payment of $1500 a month for a term of 360 months at the current interest
rate of 7%, we could only afford to purchase a house costing $225,461.