Setting up Two Variable Data Table in Excel In such a situation, a two variable data table should be used. For example, you may want to keep the Monthly Payment at $500 or less, and analyze what Loan Amount and Tenure combination can give you this. Now you may want to do an analysis to see what should be the ideal combination of Loan Amount and Number of Monthly Payment to suit your requirement. The following formula is used to calculate the Monthly Payment: =PMT(B2/12,B3,B1) Based on these 3 input variables, Monthly Payment is calculated (it is in red as it is an outflow of money). In the above data set, we have the Loan Amount, Interest Rate, and Number of Monthly payments. Suppose you have a data set as shown below: When to use Two Variable Data Table in Excel If you want to analyze data when more than 2 variables change, scenario manager is the way to go. Two-variable data table is best suited in situations when you want to see how the final result changes when two of the input variables change simultaneously (as against One Variable Data Table where only one of the input variable changes). Watch Video – Two-variable Data Table in Excel
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