Hello
I am trying to create an interest payout calendar for my elderly parents for bank term deposits. This will help in understanding when they will receive money and plan their spending.
I have populated an excel with dummy data, and in the desired output I have created the headers for information I need in the calendar.
Notes:
Interest payment can be quarterly/monthly/half yearly/yearly.
For example: if a deposit is made on 1st Jan 2020 with a quarterly payout for 120 months, then there should be an entry in the payout calendar on
1st April 2020,
1st July 2020,
1st October 2020,
1st January 2021,
1st April 2021,
1st July 2021,
1st October 2021,
1st January 2022, and so on until 120 months is reached from the date of deposit. The amount of interest payout for each payment would be yearly (interest/4 because it is a quarterly payout).
I hope I was able to describe the problem. I don't know how to make excel populate these payment data into a new table.
Any kind of help would be appreciated.
Thanks
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