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Excel Magic Trick 738: Goal Seek, PMT function for Loan Payment, Cash Flows and Balloon Payment

Download file: http://people.highline.edu/mgirvin/
Learn how to use Goal Seek to change a formula input to cause a formula to evaluate to set amount. Goal Seek is like a "reverse" formula because we tell the formula what we want it to evaluate to and Goal Seek changes the formula input. Learn how to use the PMT function to calculate a loan payment with a 15% down requirement and a balloon payment at the end.

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