Calculate Savings Required To Reach Goal
May 21, 2009I want to save one million dollars in 10 years earning 8.00% interest. How do I calculate how much I need to save per month.
View 11 RepliesI want to save one million dollars in 10 years earning 8.00% interest. How do I calculate how much I need to save per month.
View 11 RepliesBelow is my data point for each month. The goal I need to hit is 99%. So I need to figure out what minimum monthly percentage I need for the rest of the year, I will need to reach a goal of 99%, and if I can't reach it, return an error. Lastly, i want to be able next month to go in and fill in the AUG percentage with an absolute number (i.e. 89%) and then I would like the rest of the percentages to automatically update by figuring out the new minimum monthly average given the new value for August. I thought that I might be able to do that if there is a function that says "If cell is a number, leave it alone, if it's a formula, then include that cell in the calculation of the minimum monthly average.
Jan 89%
Feb 88%
Mar 83%
Apr 89%
May 90%
Jun 86%
Jul 82%
Aug
Sep
Oct
Nov
Dec
Goal 99%
I want to know if it's possible to calculate the probability that a certain range of values, reach to a certain point.....
The range is this (example):
4
3
9
7
14
22
15
20
42
46.....
What I want to know is if this tendency will reach to 1000. Or how many steps more will be need to reach 1000.
Like I said, and don't know if this is in the right place, but if you put this values in a graphic you will see that the tendency is growing. I assume that this tendency will reach to 1000. But will be in the next 10 steps or in the next 30.
I have a target to achieve every month in my department for the number of items completed named BC.I am trying to create a formula so that I know how many minimum items I need to complete every day in order to achieve this target by month end. The target to complete each month is calculated with multiple variables and therefore I am not sure how create a formula to calculate the minimum item to be completed everyday to achieve the target by month end. I have attached the spreadheet and appreciate help. The target to achieve is named "Target BC" in red.
In addition, at the beginning of the month, we only have forecasted numbers and these numbers needs to be replaced by actual numbers everyday.
Is there a way to use goal seek in VBA that won't trigger a full model calculation?
I would like to (somehow) perform goal seek, but only recalculate range("A1:B50") say on a single worksheet (where both the input value and the final calculated value is included in that range), as opposed to calculating the whole model inbetween each iteration.
Also, all dependencies between the input value and the final calculated result are contained in that range.
I need to set up an easy to use spread sheet for my office. It needs to be able to calculate the running total spent of fuel, as well as include any discounts we get and then calculate our total savings.So basically, total spent and total saved.
View 3 Replies View Relatedwhat I'm trying to do.
Background:
I play a game that requires 5 members to play, however you can have more then 5 members on the team. In order for a player to receive points for playing they must have played at least 30% of the total games played. The problem for me is when trying to figure out how many games someone needs to play to get to 30%, the total goes up as they play those games.
What I would like to accomplish:
I'm looking for help on a formula that would figure out how many games a player would need to play to get to 30%. I have a column that is total games played, %of games played by player, games played by player, and games needed to play to get to 30%. Basically the user would enter the # of games played by each player, and the total games played overall for the team for that week, the spreadsheet would then show the # of games each player that isn't above 30% would need to play.
I tried to make the question as clear as possible, if anyone needs clarification,
Originally Posted by shg
Welcome to Oz, Basca
spreadsheet with a representative sample of your data?
Games Played
Player 1 20
Player 2 7
Player 3 13
Player 4 20
Player 5 13
Player 6 13
Player 7 7
Player 8 7
Total Games Played20
I've written the following code. It calculates the future value of required minimum distributions for traditional IRAs. When I enter the function in excel, it drops the last argument. I've tried changing the order of the arguments, and it always drops the last one. The arguments are : marginalTax (marginal tax rate), r (expected return on investment), t (time), begAge (beginning age), RDT (as range -- required distribution table; looks up the percentage required at each age), IRAValueat70 (calcualtes the value of the IRA at 70 years of age)
Function RMD(r As Double, marginalTax As Double, begAge As Integer, t As Integer, RDT As Range, IRAValueat70 As Long)
age = begAge
endAge = begAge + t
Dim holder As Long
Dim RMDnow As Long
Dim RMDall As Long
hat = 70
If endAge < 69 Then
Else
If begAge <= 69 Then
Do While hat < (endAge)
RMDnow = (IRAValue / (Application.VLookup(age, RDT, 2, False)))
RMDnow = (1 - marginalTax) * RMDnow...........................
Attached is the zip file with the detail of what I am hoping to achieve which is calculating the number of lengths required from generated infromation.
A1, B1, C1 and D4 are cell in Excel worksheet and values are 2, 4 and 6 in A1, b1 and c1 respectively.
A1 B1 C1 D4
2 4 6 C1-Formula is: =sum(A1+B1)
Now I have to write formula for D4-cell:
i.e. =sum(C1/Total days remaining of the month)
Suppose Today is April 01, 2009, C1/should be devided by 30,
Tomorrow will be April 02, 2009, C1/should be devided by 29.
I am trying to create a formula to calculate the total number of calls that I need to receive to hit the target % if the current % is less than the target %. I have tried various formulae, but not having much luck. Also, it shouldn't show me any negative figures.
A = Departments
B = Calls Dropped
C = Calls Received
D = Current % (C/F)
E = Target %
F = Total (B + C)
G = Required (When I enter B, C and E, the rest needs to calculated automatically. G should tell me the amount of calls I need to receive in order to achieve the target specified in E)
Departments
Calls DroppedCalls ReceivedCurrent %Target %TotalCalls Required to hit TargetDept 1
21083.33%95.00%12 Dept 2
067100.00%90.00%67 Total
27791.67%95.00%79
i am trying to work with a formula that will look at date today (NOW) and compare this to a due date and in return provide me with only the working hours total. Working hours are 8am to 4pm (8 HOURS).If the due date is passed this will be a negative figure.
View 9 Replies View RelatedI'm creating an (English) football predictions competition for me and my family.
One problem that has stumped me is how to get the scores based on the 'home' & 'away' score predictions.
The rules are: If I predict the correct exact result I get 3 points. I want to add another 'rule' whereby if I predict the correct winner, I get 1 point. Incorrect predictions get 0 points. I don't know how to do this using a formula.
Iam studying civil engineering and iam trying to make an excel sheet to calculate reinforcement required for solid slabs
to calculate the reinforcment first you should calculate positive and negative moments along short and long directions with dead and live loads
what iam trying to do is creating 2 lists the first list is to choose the RATIO of Short Span(a) divided by Long Span(b)
The Second List is to choose a case out of 9 cases of possible connections
the idea is to choose a ratio from list 1 and a case from list 2 to return the values of crossponding moments
The table is attached
How do I come up with a price that will make my profit and my customers savings equal.
Example:
Retail price $178.99
My cost $113.46
If I charge $142.23 then my profit is $28.76
Customer pays $142.23 plus $8.00 shipping ($150.23)
$178.99 Retail minus $150.23 = $28.76 savings
I need to calculate the final balance of a savings account. Thought this could be done using the function FV. However I had not used this function before. Therefore to make sure that I had set up the formula correctly I checked it manually with a small example. The results are set out below. You will see the function FV fails to include the final interest payment. (£2620.32 - £2472.00 =£148.32)
The data to be used will be:
A regular payment of an identical amount on first day of every year.
Compound interest calculated annually and credited to account on final day of every year.
Period of years.
Example of Saving Regular Amount every year at Compound Interest
Using =FV(A1,A2,A3)
Amount of Saving per annum £1,200.00 A1
Rate per Annum 6.00% A2
Period of Years 2.00 A3
£2,472.00
Manual calculation of example:
Payment at start of first year£1200.00
Interest at end of first year 72.00
Balance at end of first year 1272.00
Payment at start of second year £1200.00
Balance at start of second year 2472.00
Interest at end of second year 148.32
Balance at end of second year £2620.32
I have found an older thread that explains how to determine if a date falls in DST or not. See here Daylight Savings Time Funcitions. It does not follow the DST rules we use here in Canada and the formula is very confusing to me as it uses arrays, something I have yet to fully understand. DST in Canada begins the 2nd Sunday of March and ends on the 1st Sunday in November. I have a date in one column and a time in the next. What I would like to do is have a formula that checks to see if the date falls in DST and if so adds 1 hour to the second column. The result will show up in a third column.
View 4 Replies View RelatedI'm attempting to build a Mortgage payment calculator which calculates interest semi-annually. The goal of the calculator is to determine how much interest you would save if your payments were set to Accelerated Bi-weekly, and Accerlerated Weekly vs. Monthly.
I've already calculated what the payments would be for each payment type, however I'm not able to determine what the interest savings would be.
Is there a way that Excel can automatically enter to next row once the typing has reach the end.
Example: I have 5 columns (A to E) and I am typing at column A. While typing, the text will go along to cell B, C, D and E. The problem is, if I don't manually go to next row and continue typing, the text will go to column F, G and so on. Is there a way where excel can automatically jump to next row if the text has reach column E?
Another problem is, say I have 3 rows full of text (column A to E). If I edit one of the row to exter some new texts, the whole sentence will go along to column F, G and so on. What I can do now is, re-edit all the rows to adjust them back.
how many debits can take place in my Savings Account if I provide the Current Balance and the No of Debits,Amount of Debits,Frequency of Each Debit.
Lets say, I have Rs 42978/- in my savings account at this moment and I have 2 different Debits taking place on different dates of the Month.
First Debit of Rs 750/- (12th of Month)
Second Debit of Rs 584/- ( 27th of Month)
I am also planning to add one more debit EMI (Equated Onthly Installments)for Rs 1127/- every month.
I need to know the No of Months I can go without paying my Savings Account as well as the Month and the year.
I have tried doing it the regular way but it becomes quite cumbersome, I am looking for help in terms of a better design or a Template as some single-cell (hopefully) formula which can incorporate the number of Debits,Amounts etc.
One very important thing is to also keep a track of the Balance not going below an "X" amount and that is Rs 1500/- as thats the Bank's Minimum Balance requirement..
The no of Installments are as mentioned below:
Debit--- Amount--- Start Month--- No of Installments
I Debit--- 750--- Jan-09--- 36
II Debit--- 584--- Feb-09--- 27
III Debit--- 1127--- Mar-09--- 60
I've put together a spreadsheet look at the time taken for a vehicle to get from one building to another when called. I've set up conditional formats where the timings turn orange after 5 minutes and red after 10 minutes taken. What I also have to show though is who is taking the vehicle and break it down to show any delays to patients. Is there a formula that will automatically tell me when there has been a delay to patients?? Be amazing if there is as it would save me uber amounts of time as i have to collate a whole years worth of data!
I've attached a small sample of what I've done to show you how the spreadsheet looks.
sample.xlsx
I have a UPC list. Some are more than 12 digits, and some with less than 12 digits. I need to make sure there are 12 digits in each UPC. I know how to count using LEN, strip leading zeros of those UPCs that are >12 digits using RIGHT.
What I need now is any number with less than 12 digits, such as 000123, add a 4 to the beginning (4000123) and fill in '0's in between the 4 and the short UPC number to make 12 digits, 400000000123. They vary from 1 to 13 digits.
function that add to any cell that doesn't reach the disired amount.
If the required number is 14 and a calculated cell comes up with 13 or less; I need a funtion to take that number and add a penalty number to it.
For example: For arguements sake the penalty is $150.00. Suppose cell 1A has 5 and cell 1B has 5; cell 1C adds them for a total of 10. I need cell 1D to realize that the number in 1C did not equate to atleast 14 and therfore 1D should show $150.00 and for every cell selected that falls short of 14 should add an additional $150.00 to 1D.
I am looking for a Formula that can process the following:
The Sum Target Value is variable e.g.; 147
I have two columns of numerical values: Column A and Column B.
Column A Houses the Numerical Labels that I wish to have Returned when the
Sum Target Value is processed /reached - Subtract Sum Target Value as noted
below.
To Subtract Sum Target Value:
Start from LAST non-zero numerical value in Column B and Subtract one Cell
value at a time (or Sum up the Column) until the Sum Target Value or nearest
possible Sum BELOW, the Sum Target Value is reached. In this instance, it is
147. I wish to Sum the values in Column B to 147 per the above. The
summed values can be below BUT NOT over the Sum Target Value.
Return the Numerical Value that is Offset ONE Cell to the LEFT (Column A)
and ONE Row Above LAST value Subtracted (in Column B) to reach Sum Target
Value. The Result Numerical Label should come from Column A.
Col A Col B
2003
2051
2105
21511
22010
22515
23016
23510
24011
24529
25020
Reaching the Sum Target Value of 147 in Column B would go up to value 26,
Label 295 in Column A, totalling 131 which is below the Sum Target 147 but
including the value of 31 above it, would exceed the Sum Target Value of 147.
The required Result is returned from Column A Label 290 which is ONE Cell
to the LEFT (Column A) and ONE Row Above LAST value Subtracted (in Column
B).
Trying to automate Goal Seek using variables for the three arguments. It's working when I define the cells references & values within the code, but cannot figure out how using variables. I'm sure the example below is incorrect, but will give an idea what I need to accomplish:
GoalCell = Worksheets("Parts").Cells(DestRowID + 10, DestColID)
Value = Worksheets("ICA").Cells(CopyRowID + 13, CopyColID).Value
ChangeCell= Worksheets("Parts").Cells(DestRowID + 9, DestColID)
GoalCell.GoalSeek Goal:=Value, ChangingCell:=ChangeCell
CSS = P divided by S.
PS Required is a number that needs to be added to both S and P to achieve target of 83%
The answer to the below = 5. But i dont know how to get it using a formula
(If 5 is added to S and P both, S will become 36 and P will become 30; 30/36 = 83.33%)
Name S P CSS Target PS required
Adam 31 25 80.65% 83.00% ?
I need to goal seek cell B1 to zero by changing C1.
Then, I need to goal seek cell B2 to zero by changing C2.
Then, I need to goal seek cell B3 to zero by changing C3.
...................
...................
I need to goal seek cell B100 to zero by changing C100.
I don't want to have to perform 100 different goal seeks. Is there a way to do them all at once?
I am very new to excel and my formulas dont add up.
I need to calculate based on my quarterly goal and my quarter to date actual sales what my percentage pacing is.
Now the way i did it is =B5/A5
Do i need to add the Quarter date calculations in there because its not giving me the accurate percentage.
Goal Actual Pacing
Goal seek function
Code:
Worksheets("Sheet1").Range("Polynomial").GoalSeek _
Goal:=15, _ ChangingCell:=Worksheets("Sheet1").Range("X")
Is it possible to modify this such that I can use variables? For example, the variables are 'left term', 'right term' and 'sigma max' .
I want to set the value of the following equation 'left term - right term' to 0 by changing variable 'sigma max' Everything is done on the userform and not in the spreadsheet.
(Note: In spreadsheet format, the above query is equivalent to setting a cell which has a formula to 0 by changing the value in another cell, fairly simple).
Say employee John Doe has a salary X. Giving him a salary raise Y (euro/dollar) induces a pension premium to be paid by the employer, on that amount.
The premium is (fixed) 17% of the part above a (fixed) treshold value of 3.750. On the part of the raise below the 3.750, the pension premium is (fixed) 4,35%.
E.g. having a salary of 3.600, with a raise of 400.
4,35% of (3.750 - 3.600 = 150) equals 6,525
And 17% of the remaining 250 equals 42,500
So the total premium is 49,025
But, I want to give a raise with a total cost of no more than 400. So, I use goal seek to find a raise that, together with te pension premiums equals 400.
In the example, with 3.600 as a salary to start with, that raise would be 358,10 Because the part below 3.750 stays the same and induces a premium of 4,35% of 150, being 6,525 and the remaining part is 208,10 at 17% is 35,377.
Proof: 358,10 + 6,525 + 35,377 = 400
The question is: is there a possibility to have a formula that calculates the (e.g.) 358,10 based on a salary to start with (e.g. 3.600), an aimed total cost (e.g. 400) and the fixed constants 3.750, 17% and 4,35%?