hugo has attended:
Excel Advanced course
Repayments
If i have a total figure (that can change) and this total figure is to repay a loan (max 500) and shares (max dictated by another cell's figure) separately. How do I make sure whatever the total figure is, that it pays off the whole loan first (the 500) and the rest goes to the share. And if the total figure is greater then both maximums, the excess is put into another cell (balance b/f). This is an example:
total figure e.g 750 or 250 or 1000
loan repayment e.g 500 250 500
share repayment e.g 250 0 250
balance b/f 0 0 250
Share repayment max 250
I hope this example makes sense.
Thanks so much
Hugo
RE: repayments
Hi Hugo
Thank you for your question
You can accomplish this by using IF functions to gradually reduce the balances. It is however very hard to explain verbally, so i have uploaded an excel file that does what you want.
Note that Row 6 simply deducts the loan from the total payment and is used in the next formula down. This row does not show a payment and so can be hidden
Regards
Stephen
Forum Example.xls
