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    1.3.6 Goal Seek Example

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    Rajalakshmi Gajapathy
    The document outlines a $100,000 loan with a 6% interest rate and monthly payments of $1,933.28 over 60 months. It asks how much could be borrowed while keeping the monthly payment to $1,000. It also asks how many months it would take to pay off $100,000 loan with monthly payments of $100.

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    Download as XLSX, PDF, TXT or read online from Scribd

    1.3.6 Goal Seek Example

    Uploaded by

    Rajalakshmi Gajapathy
    14 views2 pages
    The document outlines a $100,000 loan with a 6% interest rate and monthly payments of $1,933.28 over 60 months. It asks how much could be borrowed while keeping the monthly payment to $1,000. It also asks how many months it would take to pay off $100,000 loan with monthly payments of $100.

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    1.3.6 Goal Seek example

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    The document outlines a $100,000 loan with a 6% interest rate and monthly payments of $1,933.28 over 60 months. It asks how much could be borrowed while keeping the monthly payment to $1,000. It also asks how many months it would take to pay off $100,000 loan with monthly payments of $100.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    14 views2 pages

    1.3.6 Goal Seek Example

    Uploaded by

    Rajalakshmi Gajapathy
    The document outlines a $100,000 loan with a 6% interest rate and monthly payments of $1,933.28 over 60 months. It asks how much could be borrowed while keeping the monthly payment to $1,000. It also asks how many months it would take to pay off $100,000 loan with monthly payments of $100.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    Loan Amount $100,000

    Interest Rate 6%
    Number of Monthly Payments 60
    Monthly Payment $1,933.28

    Goal is to discover how much you can borrow to keep your monthly payment to $1000

    What if, instead you wanted to discover how many months it would take to pay off the $100,000 at monthly payments of $100
    t monthly payments of $1000?

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