Forum Discussion
Excel issue
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Re: ``after deduct the down payment Ex) Total amount 1,000,000 [....] i have to put amount on jan``
Is 1,000,000 the amount before or after the down payment?
Is the "amount on jan" the down payment?
Usually, the down payment is irrelevant.
Re: ``skip feb and march and put the second amount in april Etc``
Without limits, one solution is to "put" $1 in April, $1 in July, $1 in Oct etc for nearly 1 million quarters.
Ridiculous, I know. The point is: without some constrains or additional information, there are infinite solutions.
What do the amount 1,000,000 and "down payment" represent? Why are you making payments every quarter? For example, is this a loan? Is it an asset value that you are depreciating? Over what period of time do you want to decrease the amount? Is there "interest" involved? Etc, etc, etc.
If this is a loan, please specify: the amount of the loan (1,000,000?), the rate of interest (preferrably quarterly; otherwise annually); the number of quarters over which to amortize the loan (i.e. pay interest and decrease the principal). And how should we determine the amount paid in Jan? Is that even relevant, if the loan amount is $1,000,000?
- Hussein_Elsayed1605Oct 16, 2022Copper Contributor
Thank you Mr. Joe for your quick reply.
Just sales figures (projected). If I have a unit will be sold over 10 years quarterly payment and there is a down payment xx will deduct from the total unit value and the rest will be divided over the period. How can I do this with a formula
N.B: the time line will be monthly ? jan - feb - march, Etc.
I hope you got my issue
Thanks
- OliverScheurichOct 16, 2022Gold Contributor
=IF(OR(A7="january",A7="april",A7="july",A7="october"),($B$3-$B$4)/($B$5*4),"")Does this return your expected result?
- Hussein_Elsayed1605Oct 16, 2022Copper Contributor
Dears,
Attached is the sample of my issue, i hope find a formula to help get the target as shown in the attached.
Thanks in advance