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Default Chart a function?

Is there a way to have excel graph a function? I am thinking of my graphing
calculator from high school (x=2y).

I would like to have excel graph a forumal I have created with a starting
value of 0% and a max value of 100% so that I can see econimcal value. I need
to be able to enter a variable into my forula that excel would then use to
plot values.
 
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