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Hello,
I really appreciate any help I can get on this somewhat complex issue. I will try to be as clear as possible. Essentially, I am currently using Solver to evaluate the repayment amount needed to give a designated Net Present Value over a designated time period. Unfortunately, the PMT function cannot be used as there is more than one "lending" of funds over the term. For example, whilst the initial Present Value (amount lent) of a 24 month term may be $1000.00, 12 months into the term we lend another $500.00. We refer to this is "MultiDraws". Hence, we use Solver to find the constant repayment figures neccessary to give the required IRR over the term taking into account the future drawdowns. The problem I have is this - we do this for COUNTLESS scenarios, and every month when we adjust our rates (required IRR), not only do we change the "rate" cell, but we also then have to re-run the Solver function on all the different scenarios. Ideally, it would be excellent if we could just alter the "rate" cell and have the repayment figure AUTOMATICALLY solved. I guess what I looking for is the ability to make SOLVER AUTOMATED... The conditions/parameters of solver will be the same every time, I'm just looking for a way to avoid going Tools Solver Solve OK on EVERY affected cell (an extremely drawn-out process). Surely there is a simple way to make the solving happen automatically, as a normal function would? I really, really really appreciate any assistance on this matter. Regards, James B |
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