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Using What-If Analysis
The real power in Excel comes from its ability to perform multiple mathematical calculations for you. One of the tools in Excel that you can use to perform these calculations is a data tool called what-if analysis. What-if analysis allows you to see the effect that different values have in formulas. Have you ever thought, "What interest rate do I need to qualify for to have a car payment of $400 on the car I want?" This question can be answered using What-If Analysis.
In this lesson, you will learn how to use a what-if analysis tool called Goal Seek.