Use Goal Seek to find the value for cell C2 that will result in a value of $550,000 for cell B15. Accept the solution.
Question
Use Goal Seek to find the value for cell C2 that will result in a value of $550,000 for cell B15. Accept the solution.
Solution
Sure, here are the steps to use Goal Seek in Excel:
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Open your Excel workbook and select the worksheet where you want to use the Goal Seek function.
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Click on the "Data" tab in the ribbon at the top of Excel.
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In the "Forecast" group, click on "What-If Analysis".
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A drop-down menu will appear. Select "Goal Seek" from the list.
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In the Goal Seek dialog box, you need to fill in the following fields:
- "Set cell": This is the cell that you want to change to a specific value. In your case, it's cell B15.
- "To value": This is the value that you want the set cell to have. In your case, it's $550,000.
- "By changing cell": This is the cell that Excel will change to reach the goal. In your case, it's cell C2.
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After filling in these fields, click "OK".
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Excel will then calculate and find the value for cell C2 that makes cell B15 equal to $550,000. If Excel finds a solution, it will display a Goal Seek Status dialog box with the results.
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Click "OK" to accept the solution and close the dialog box. Excel will automatically update the value in cell C2.
Remember, Goal Seek might not find a solution if it's not possible to reach the goal with the given constraints.
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