The Complete Excel Guide: Beginners to Advanced - Goal Seeker

The video tutorial introduces Excel's Goal Seeker feature, explaining its usefulness in determining unknown variables when some are known, such as in financial scenarios. A practical example is provided using a loan workbook to demonstrate how changing interest rates affect monthly payments. The tutorial guides viewers on using Goal Seeker to find the interest rate needed for a specific monthly payment. Additionally, the video briefly introduces the Text to Columns feature, setting the stage for further exploration.

What is the primary purpose of Excel's Goal Seeker feature?

• To determine unknown variables based on known data

• To create charts and graphs

• To format cells and text

• To sort and filter data

In the given example, what was the initial interest rate set at before using Goal Seeker?

• 15%

• 12%

• 9.2%

• 6%

What monthly payment amount was used to find the new interest rate using Goal Seeker?

• $400.40

• $375.00

• $347.00

• $300.00

Which tab in Excel contains the Goal Seek feature?

• Data

• Home

• Insert

• Review

What is the final interest rate calculated by Goal Seeker to achieve a $375 monthly payment?

• 15%

• 12%

• 9.2%

• 6%