Results 1 to 3 of 3

Calculate the required % Rate increase amount to obtain a goal

Threaded View

  1. #1
    Registered User
    Join Date
    08-07-2020
    Location
    Phoenix
    MS-Off Ver
    2019
    Posts
    2

    Exclamation Calculate the required % Rate increase amount to obtain a goal

    This is something I can easily do with Goal Seek...however, I need to do that with a Table with 1,000 rows...plus each row has to be calculated independently, and then the Total Row will also have to be calculated. And of course there are many different ways the Table could be filtered, and the Total Row has to dynamically change regardless of how the Table is filtered.

    If I could have a Formula that worked like Goal Seek, that would be optimal...and I don't want to write code to do it.. (Although I will if I can't figure this out...)

    Here's the easiest way I can describe it...but it's one of the questions where if you ask "why" it will take a lot longer to explain. Just accept the scenario.

    * Assume a checking account has a balance of $25,000 today
    * Assume I will make a deposit monthly into the account.
    * The account does not earn any interest; this is not a rate-of-return question.
    * The first deposit is for $1,000.
    * the 2nd Deposit is increased by 5%, or $1,050
    * the 3rd Deposit is increased another 5%, or $1,103
    * the 4rd Deposit is increased another 5%, or $1,158
    etc
    etc
    etc
    * the final deposit, the 12th one, is for $1,720.
    * total amount of the 12 deposits was $15,917 and now my checking account balance is $40,917.


    In that case, I provided the 5% growth rate, and calculated the ending bank balance. My case is where I want provide a "desired" bank balance, and Excel figures out the growth rate I need.
    - For example, if I want my bank balance to be $42,000 at the end of 12 months, how much does each deposit need to increase?
    - using Goal Seek, I can figure out the value is 6.131%.

    There should be a simple file attached to this post, I hope...

    How can I do that using my table of 1000 rows? Each row will have a different Initial Deposit value and a different Desired bank balance, and therefore a different Growth rate.
    Attached Files Attached Files

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. [SOLVED] calculate the participation rate depending on the amount of waste collected
    By cyberice in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 04-07-2017, 06:59 AM
  2. Replies: 5
    Last Post: 06-17-2016, 10:22 AM
  3. How to calculate pre-tax - I know tax rate and tax amount
    By yaman in forum Excel Formulas & Functions
    Replies: 3
    Last Post: 11-08-2014, 04:24 AM
  4. How to calculate percentage rate increase with annual summary?
    By brianheins in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 06-07-2014, 12:55 PM
  5. Function to solve for Loan amount from rate and payment w/out using goal seek.
    By jwhardy256 in forum Excel Formulas & Functions
    Replies: 3
    Last Post: 02-15-2013, 07:03 PM
  6. Replies: 0
    Last Post: 01-26-2011, 05:18 PM
  7. given loan amount, emi and tenure, how to calculate interest rate?
    By Ravi Parsi in forum Excel Formulas & Functions
    Replies: 1
    Last Post: 04-08-2008, 11:20 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1