How To Use Excel Goal Seek

Excel returns a more precise solution.

How to use excel goal seek. Goal seek will run and display the insurance rate in b3 based on the payment amount in b4. How to use goal seek in excel. In the example goal seek determined that the interest rate is 7 02. Select goal seek from the drop down menu. More about goal seek.

On the data tab in the data tools group click what if analysis and then click goal seek. From the data tab select the what if analysis button. Under calculation options decrease the maximum change value by inserting some zeros. In excel for mac 2011. Set cell the reference to the cell containing the formula b5.

Other commands in the what if analysis tool set are the scenario manager and the ability to create data tables. The goal seek tool is simple to use. Goal seek input dialog. To display the insurance rate as a percentage appropriate for this example click the home tab at the top of excel click cell b3 then press ctrl shift. Click on what if analysis drop down menu click on goal seek in the goal seek dialog box select b6 in the set cell enter 25000 in the to value.

There are three parameters you should know about. In excel 2016 for mac. Use goal seek again. On the file tab click options formulas. The goal seek function part of excel s what if analysis tool set allows the user to use the desired result of a formula to find the possible input value necessary to achieve that result.

Hope you understood how to use goal seek function inm excel 2016. Use goal seek to find the input value that produces a formula result of 25. In the goal seek dialog enter the new what if amount in the to value. In this example we re asking excel to replace the contents of cell d4 which is 0 64 with 0 67. In the set cell box enter the reference for the cell that contains the formula that you want to resolve.