Hi guys and girls,
In order to impress my CFO, who can't figure it out, I put myself in your hands, since I can't figure it out either, but he doesn't know that... :wink:
Here's what I want to do:
We have built a building for let's say 1,000,000. We want to know what the rent is that we have to ask in order to make the 1,000,000 as well, earn it back.
So I need the interest rate (5%), the number of years in which I want to earn it back (10), and the yearly increase in rent (2,5%).
I have made a table saying
year 1: rent / (1+interest rate) = net present value (NPV)
year 2: (rent + increase) / (1+interest rate)^2 = NPV
and so on for the next 8 years.
So I made me a nice little VBA
where B5 is the rent I have to charge.
Now here's the question, coz this is too limited
Can I automate the goal seeking thing where all things are variable? I want to be able to change the years, the interest rate and the increase in rent, which in the end comes back with the rent I have to charge.
I can't figure it out. Can anyone of you wizzards?
Greetz, Elmacay
In order to impress my CFO, who can't figure it out, I put myself in your hands, since I can't figure it out either, but he doesn't know that... :wink:
Here's what I want to do:
We have built a building for let's say 1,000,000. We want to know what the rent is that we have to ask in order to make the 1,000,000 as well, earn it back.
So I need the interest rate (5%), the number of years in which I want to earn it back (10), and the yearly increase in rent (2,5%).
I have made a table saying
year 1: rent / (1+interest rate) = net present value (NPV)
year 2: (rent + increase) / (1+interest rate)^2 = NPV
and so on for the next 8 years.
So I made me a nice little VBA
Code:
Range("D21").GoalSeek Goal:=1000000, ChangingCell:=Range("B5")
Now here's the question, coz this is too limited
Can I automate the goal seeking thing where all things are variable? I want to be able to change the years, the interest rate and the increase in rent, which in the end comes back with the rent I have to charge.
I can't figure it out. Can anyone of you wizzards?
Greetz, Elmacay