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Question for Excel Gurus

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Old Sep 26, 2006 | 03:18 PM
  #1  
moeronn's Avatar
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is learning to moonwalk i
 
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From: SoCal
Question for Excel Gurus

Is there a way to have cells be interdependant on the same formula(s)?

Basically, there are three cells. They are all related by the same formulas. When I change one, it should recalculate the others.

Example - Mortgage loan:
Code:
Home price     = 300,000
Down Payment   = 60,000
Down Payment % = 20%
Now, if I change the down payment to 120,000, the down payment % should change to 40%. If I change the % to 10%, then the down payment should change to 30,000.

Is there a way to do this?
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Old Sep 26, 2006 | 03:21 PM
  #2  
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From: St. Louis
yes, but I forget the name of the function and how to do it.

EDIT: nevermind that's simple

You just need the down payment percentage cell to have the down payment/mortgage price
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Old Sep 26, 2006 | 03:26 PM
  #3  
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From: St. Louis
However, you'll need two separate lists because you'll form a circular reference if you want to have two different variables in one formula.
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Old Sep 26, 2006 | 03:27 PM
  #4  
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From: DFW TX
data table is the function you are looking for. Use the help and you can easily apply this.
you can do single or dual variables
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Old Sep 26, 2006 | 04:05 PM
  #5  
moeronn's Avatar
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is learning to moonwalk i
 
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From: SoCal
Originally Posted by phipark
However, you'll need two separate lists because you'll form a circular reference if you want to have two different variables in one formula.
Please elaborate on what you're referring to. Are you talking about data tables, too?
Originally Posted by pmptx
data table is the function you are looking for. Use the help and you can easily apply this.
you can do single or dual variables
I'm not sure if the data table is what I'm looking for or if I'm just not doing this right. I copied the example from the help, but I'm not seeing what the point of the table is. The table doesn't affect in input cells (which are the numbers I want to change)
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Old Sep 26, 2006 | 05:57 PM
  #6  
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From: DFW TX
You put all of the potential inputs along the left and top of the table
DOWN PAYMENT AMOUNTS HERE______>
L
O
A
N This populates with the calculated numbers
A as a grid of percentages
M
T
S
H
E
R
E
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Old Sep 26, 2006 | 06:16 PM
  #7  
moeronn's Avatar
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is learning to moonwalk i
 
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From: SoCal
^^ That just seems like more work than should be necessary. I shouldn't need to create a table to calculate a formula. What I'm trying to emulate is the "Solver" function on an HP calculator. I have three variables and one equation. If I set any two of the variables, I should be able to solve for the remaining variable. Perhaps Excel just doesn't have this cabaility?
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Old Sep 26, 2006 | 06:24 PM
  #8  
suXor's Avatar
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From: Wylie, Texas
Originally Posted by moeronn
Is there a way to do this?
This would create a circular reference.

Just make two rows

-------------A-------------------------B-----------------C--------------D
1 Down based on %------$160,000.00----"=D1*B1"--------10%
2 % based on Down------$160,000.00----$20,000.00------"=C2/B2"
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Old Sep 26, 2006 | 06:26 PM
  #9  
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From: DFW TX
Goal seek and solver are both functions which can fill this gap.

Solver is complex, gaol seek is more basic.
Data>Goal seek
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Old Sep 26, 2006 | 06:38 PM
  #10  
moeronn's Avatar
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is learning to moonwalk i
 
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From: SoCal
Thanks for the suggestions, but it seems that Excel just isn't geared toward doing this.
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Old Sep 26, 2006 | 06:41 PM
  #11  
suXor's Avatar
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From: Wylie, Texas
Originally Posted by pmptx
Goal seek and solver are both functions which can fill this gap.

Solver is complex, gaol seek is more basic.
Data>Goal seek
Goal seek uses a static value when conditions change. This won't acomplish what he is trying to do.

You can not have a cell contain a formula, and expect to place a value in it for another cell to make a calculation later. The cell will either contain a formula to provide a result, or a value for other cells to perform calculations off of with thier formulas.
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