What if Analysis

Goal Seek Command Formulas- consider different options by changing values= what if analysis Formulas- consider different options by changing values= what if analysis Click on payment cell, go to Tools, Goal Seek, Click on payment cell, go to Tools, Goal Seek, set cell B5set cell B5 to value -250 (make negative because it’s a payment)to value -250 (make negative because it’s a payment) by changing cell $B$2 (just click on cell B2)by changing cell $B$2 (just click on cell B2) Excel tries options until it finds the right combination Excel tries options until it finds the right combination

Create What If Scenario Can save changing values of a scenario Can save changing values of a scenario Select the values (only the items that get changed- principal, interest, and years), go to Tools, Scenarios, Add, name it Select the values (only the items that get changed- principal, interest, and years), go to Tools, Scenarios, Add, name it

Compare Scenarios Select and save different scenarios (ex: high, medium, and low payments) Select and save different scenarios (ex: high, medium, and low payments) Go to the Scenario Manager to Show each one Go to the Scenario Manager to Show each one Or in Scenario Manager, go to Summary to see a report of all scenarios side-by-side (result cell should be B5, the payment) Or in Scenario Manager, go to Summary to see a report of all scenarios side-by-side (result cell should be B5, the payment)

Single Input Table Click & Drag Loan Sheet while holding Ctrl and name it Single Input Table Click & Drag Loan Sheet while holding Ctrl and name it Single Input Table Type 1% in cell D2, 2% in D3 and click an drag it down to increment by 1% (Get to 10%) Type 1% in cell D2, 2% in D3 and click an drag it down to increment by 1% (Get to 10%) Click in cell E1 and type =B5 (payment cell) Click in cell E1 and type =B5 (payment cell) Select table (list of values and resulting cells), go to Data, Table, Select table (list of values and resulting cells), go to Data, Table, No Row Input, Column input- B3 (interest Cell)No Row Input, Column input- B3 (interest Cell) Now you can see different values side-by- side Now you can see different values side-by- side Use format painter tool to copy formatting from payment cell to table values Use format painter tool to copy formatting from payment cell to table values

Two Input Table Create new table sheet (Drag Single Input while holding Ctrl key) Name it Double Input Table Create new table sheet (Drag Single Input while holding Ctrl key) Name it Double Input Table Drag cell E1 to D1 Drag cell E1 to D1 In cell E1- J1- type 1, 2, 3, 4, 5, 6 (years) In cell E1- J1- type 1, 2, 3, 4, 5, 6 (years) Use Format Cells to change E1 to General Use Format Cells to change E1 to General Select entire range of years & interest rates, go to Data, Table Select entire range of years & interest rates, go to Data, Table Row Input- B4- yearsRow Input- B4- years Column input- B3- interestColumn input- B3- interest Now you can see values for two sets of information Now you can see values for two sets of information