Use goal seek excel6/1/2023 ![]() But, goal seek is pretty quick in this and you can’t see the entire process. Your base has changed by goal seek using a hit and trial method. Now, if you check the base price cell, its value is changed to $925 and with this, your landing price is changed to $1000. Go to Data Tab → What If Analysis → Goal Seek.To open a goal seek to use one of these two methods. So today, in this post, you’ll learn how to use goal seek in Excel, how it works, and what important points you need to take care of. There is N number of complex problems which you can solve with goal seek. You can use goal seek to calculate the interest rate you will need to secure with your friend. You know how much money you need, how long you want to take to pay off the loan, and how much you can pay each month. In simple words, if you know what actual result value you want, you can use goal seek to find the best input value for getting it.įor example: Let’s say you need to borrow some money from your friend. Its basic idea is to find the input value that the formula needs to get that result. ![]() So, if you think about solving the same kind of problems in Excel, you have a specific tool that can help you. ![]() ![]() In high school, I used to solve mathematical equations where I have the result of the equation but don’t have the input value.
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