If you want to use Excel's Goal Seek on multiple cells simultaneously, you'll need a much more powerful tool. Fortunately, one such tool comes with Excel. Let's have a look at the Solver add-in.

Excel can solve equations through several of its mathematical functions, but the single Excel tool that works on the largest variety of equations is the program's Solver Add-in.

Solver Add-in is a powerful and useful tool of Excel which performs calculations to give the optimal solutions meeting the specified criteria. So, let us see how to use Solver Add-in for Excel.

Follow the prompts to complete the installation. Now start Excel. Click on Tools, followed by Add-Ins, and enable the Solver Add-In. Follow whatever installation prompts occur (if any).

Data Table, Charts, Scenario Manager, Goal Seek, and Solver are powerful Excel tools in solving financial problems. Incorporating these tools into finance teaching can help students understand finance ...