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automatic monthly payment until end

  1. #1
    Registered User
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    09-05-2010
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    Excel 2018
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    automatic monthly payment until end

    Hi,

    please help me with the right formula giving same payment every # of days.
    Example:

    Loan: $ 1000
    payment: $100
    Period: 30 days.
    first payment: 1/1/10
    last payment: 1/12/10

    Billbook is like the calendar:

    Column A column B
    1-Jan-10
    2-Jan-10
    ...
    1-Feb-10 $100
    ...
    1-Mar-10 $100
    ...
    column B above ($100 on 1st of each month), what is the formula giving me the payment?

    see dummy file attached as example.
    thank you very much.

    Carlo
    Attached Files Attached Files
    Last edited by kghisla; 11-07-2010 at 03:50 PM.

  2. #2
    Valued Forum Contributor squiggler47's Avatar
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    02-17-2009
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    Littleborough, UK
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    Excel 3.0 to 2007+2010! (couldnt get 2.1 working)
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    Re: automatic monthly payment until end

    =IFERROR(IF(AND(SUM($B$6:B6)<$A$3,A7<>"",DAY(A7)=1),$B$3,""),"")

    copied down from b7 as far as you need!
    Regards
    Darren

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  3. #3
    Registered User
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    Re: automatic monthly payment until end

    it works!!!
    thank you very much!!

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