Goal Seek In Excel (Working Backwards From An Answer)

Discover Goal Seek - a little-known tool that removes the guesswork and gives you the exact answer you require.

When an Excel formula uses two or more input cells to generate its answer, it can be time-consuming to tweak the values to arrive at the exact answer you require.

GOAL SEEK solves this problem by allowing you to set the final answer to whatever you want, then asking Excel to work out (reverse engineer) what the input value needs to be to arrive at that answer.

In this video I build a PMT function (and explain how that works best) then walk you through the GOAL SEEK process. You will discover ...

- how to set up your data
- 3 different ways to use the Goal Seek tool
- a simple but complete demonstration of the PMT function

Lots of useful tips along the way.

😃 TIME CODES (click the link to go directly to that spot in the video)
- (0:00) Intro to Goal Seek
- (0:22) My PMT Goal Seek example data
- (2:54) Why use Goal Seek?
- (3:24) Where to find the Goal Seek tool.
- (3:33) Example 1: How much more could you borrow if you paid back more each month?
- (4:07) Example 2: What is the highest interest rate you could afford to repay if your payment amounts were higher?
- (4:30) Example 3: How much would the higher repayment reduce the length of your loan?
- (5:02) Summary and wrap up

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Jason Morrell helps people of all levels to leverage the power of Microsoft Office. Delivering training since 2002, he loves to simplify the hard stuff and provide helpful, actionable advice that has been proven to slash hours from daily computer tasks. Jason lives with his wife and 4 kids on the beautiful Gold Coast in Queensland, Australia.

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Видео Goal Seek In Excel (Working Backwards From An Answer) канала JasonMorrell