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Declining a balance until it reach zero

  1. #1
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    10-22-2012
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    Excel 2010
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    Declining a balance until it reach zero

    Hi

    I'm looking for an excel formula to reduce a balance equally over a 12 month period and at the 13 month the balance should be zero.

    For example:

    Cell (B2) i have 12,000.
    In Cell (C2:N2) i want 1,000 in each cell which will equal 12,000 over 12 months.
    When the formula is extended to Cell (O2) it would show that a zero balance is remaining.

    .......... Jan......Feb .....Dec Jan13
    12,000 1,000 1,000 1,000 0


    Thank you,

    Andrew.
    Last edited by Andrew101; 10-23-2012 at 02:20 PM.

  2. #2
    Forum Expert tigeravatar's Avatar
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    Excel 2003 - 2013
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    Re: Declining a balance until it reach zero

    Andrew,

    Attached is an example workbook based on the criteria you described.
    In cell B2 is the Starting Balance of $12,000.00
    In cell C2 and copied right is this formula:
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    Attached Files Attached Files
    Hope that helps,
    ~tigeravatar

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  3. #3
    Forum Expert tigeravatar's Avatar
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    Re: Declining a balance until it reach zero

    Same formula, slightly different syntax:
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