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Excel
Iron Contributor
Jun 10, 2021
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Question related to Goal Seek

Hello Everyone, I have tried Goal Seek. I write this formula -    Then i i have set in Term in Months in Goal Seek. like -    After click in OK, it will give wrong answer in Term in...
  • Riny_van_Eekelen's avatar
    Jun 10, 2021

    Excel I guess this is a pure mathematical issue. At 8% per year the minimum monthly payment (interest only) is 1466.67. Thus, you will never get anything lower than that. You will thus never get down to 1100, no matter how many periods.