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Goalseek gives incorrect results
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 |
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