repayments

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Repayments

resolvedResolved · Urgent Priority · Version 2008 (Mac)

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

Attached files...

Forum Example.xls

Wed 30 Sep 2009: Automatically marked as resolved.


 

Excel tip:

Quickly copy a formula across sheets

Suppose you have a formula in cell Sheet1!B2, say =A1*5%, that you wish to copy to cell B2 on Sheet2, Sheet3 and Sheet4. Instead of using copy and paste, try this: (1) Select Sheet1!B2. (2) Group Sheet1 with the worksheets Sheet2, Sheet3 and Sheet4 by holding down Ctrl and clicking on the tabs of the sheets to group them. (3) Press the F2 key, then immediately press Enter to copy the formula in Sheet1!B2 across the grouped sheets.

Remember to ungroup the sheets afterwards! Right-click on any tab and choose Ungroup Sheets to do that.

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