Goal Seek on Excel

Goal Seek Problems Profit Margin 23.27% Sales Profit 0.00 Use Goal Seek to determine the Sales needed to generate $1000 in profit Use Goal Seek to determine the Sales needed to generate $2000 in profit Use Goal Seek to determine the Sales needed to generate $7569 in profit Use Goal Seek to determine the Sales needed to generate $10,000 in profit Use Goal Seek to determine the Sales needed to generate $100,000 in profit Family Income and Savings Average income per Number of Worker in the Family family member combined income 5 $24,500.00 Enter a function to calculate the combined Income for this family. Number of Worker in the Family Average income per family member combined income Enter a function in C16 then use Goal Seek to find the average income per 5 family member in A16 to establish the combined income goal of $188,000 Number of Worker in the Family Average income per family member combined income Enter a function then use Goal Seek to find the number of family members needed if everyone earns $61,000 to meet the goal of $226,000 as the combined income. $61,000.00 0 Save for Retirement Your goal is to save $1,000,000 for retiremenet. You do so in a savings account with a fixed annual interest rate, compounded monthly. Annual Rate of Return 5% Monthly deposit This value gets determined by Goal Seek. Years to retirement 30 Payments per year 12 Total value after 30 years Use goal seek to determine the monthy deposit over a 30 year period at 5% APR to save a million dollars for retirement Use the Future Value function (FV) in B29