Home |
Search |
Today's Posts |
#1
![]()
Posted to microsoft.public.excel.newusers
|
|||
|
|||
![]()
Hello
Using =PMT formula, I input B1=pmt(14.5%/12,60,A1) and in GoalSeek, I set cell B1 to 5000 by changing cell A1 and I get 212,510.21 as the result whereas simply seen 5000 in one year would be 60K and in 5 years it would be 300K. For small values it provides proper results but not for this one. What wrong am I doing? Thanks |
#2
![]()
Posted to microsoft.public.excel.newusers
|
|||
|
|||
![]()
"dindigul" wrote:
Using =PMT formula, I input B1=pmt(14.5%/12,60,A1) and in GoalSeek, I set cell B1 to 5000 by changing cell A1 and I get 212,510.21 That is the correct result, assuming either you are misrepresenting the signs of some things. When A1 is 212,510.21, =PMT(14.5%/12,60,-A1) does indeed return about 5000.00 formatted to 2 decimal places. Note that I used -A1, not A1. Alteratively, with PMT(...,A1), A1 should be -212,510.21; or if A1 is 212,510.21, PMT() should result in -5000. whereas simply seen 5000 in one year would be 60K and in 5 years it would be 300K. Off-hand, I don't know that means. But I confess that I am not giving it much thought since Goal Seek does indeed produce the correct result. What wrong am I doing? I'm biting my tongue ;) Seriously, if you can explain what you mean by the "whereas" statement above, perhaps we can help you understand the Goal Seek result and/or properly structure the Goal Seek problem to meet your expectations. PS: You do not need Goal Seek for the problem as I understand it. Simply use: =PV(14.5%/12,60,-B1) where B1 is 5000. ----- original message ----- "dindigul" wrote in message ... Hello Using =PMT formula, I input B1=pmt(14.5%/12,60,A1) and in GoalSeek, I set cell B1 to 5000 by changing cell A1 and I get 212,510.21 as the result whereas simply seen 5000 in one year would be 60K and in 5 years it would be 300K. For small values it provides proper results but not for this one. What wrong am I doing? Thanks |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
![]() |
||||
Thread | Forum | |||
results incorrect | Excel Discussion (Misc queries) | |||
vlookup gives incorrect results | Excel Worksheet Functions | |||
Very large workbook now giving incorrect results :( | Excel Discussion (Misc queries) | |||
Totals of calculated field in pivot table give incorrect results | Excel Worksheet Functions | |||
How do I prevent incorrect formula results appearing in cell? | Excel Worksheet Functions |