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Goal Seek

B

BoSss

New Member
Hi, I have an issue with the Goal Seek. After I applied the PMT function, trying to get my desired payment to a specific number. I needed to find the number of periods; instead, I got some random numbers of periods that are not even remotely close, and my payment per month is all messed up as well. Any ideas?
 

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Maybe you set the desired payment too low. What you have is interest only with an arbitrarily large period. I set the desired payment to -$10,000 per month and goal seek returned 6 years, as might be expected. The alternative to goal seek was to use
=NPER(APR/12, -10000, PV)/12
 
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