Jul 16 2022 08:21 AM
Good Morning, I'm new to this forum. I have an intermediate knowledge of Excel (Mac Office 365) and need help with a date formula. Basically, it goes like this: I have to create a payment schedule. I know the date the first payment will be made, and the date the last payment will be due. In between, I will either have 2, 3, or 4 payments. I would want the formula to take the first and last payment dates, and populate the cells in between with the due dates for the other payments. It would look something like this (total 6 payments):
Due Date Amount
Grand Total 50,000
1st Deposit. 7/20/22 (20% of G.Total)
2nd Deposit Date? (30%)
3rd Deposit. Date? (25%)
4th Deposit. Date? (10%)
5th Deposit Date? (10%)
Final Payment. 7/20/24. remainder?
Thanks!
MTMTMTM
Jul 16 2022 11:12 AM - edited Jul 16 2022 12:38 PM
If you want equally spaced payments, then with 7/20/2022 in B3 and 7/20/2024 in B8, enter the following into B4 and copy into B5:B7:
=ROUND($B$3 + ROWS($B$4:B4)*($B$8-$B$3)/5, 0)
Format appropriately. My results:
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PS.... You did not ask for help with calculating payment amounts, but now I see that you wrote "remainder?". Try the following.
Jul 16 2022 11:23 AM
Try using the RandArray function in Microsoft Office 365 or 2021 to the the random dates.
Deposit | Due Date | Amount | Total Amount | Deposit | Rate | |||||
1st | 7/20/2022 | $10,000.00 | $50,000.00 | 1st | 20% | |||||
2nd | 10/14/2022 | $15,000.00 | 2nd | 30% | ||||||
3rd | 8/11/2023 | $12,500.00 | 3rd | 25% | ||||||
4th | 10/7/2023 | $5,000.00 | 4th | 10% | ||||||
5th | 1/13/2024 | $5,000.00 | 5th | 10% | ||||||
Final | 7/20/2024 | $2,500.00 | Final | 5% | ||||||
$50,000.00 | 100% | |||||||||
Below are the formulae. You can edit them to suit your needs.
Deposit | Due Date | Amount | Total Amount | Deposit | Rate | ||
1st | 44762 | =SUM(INDEX($H$2:$H$7,MATCH(A2,$G$2:$G$7,0))*$E$2) | 50000 | 1st | 0.2 | ||
2nd | 44848 | =SUM(INDEX($H$2:$H$7,MATCH(A3,$G$2:$G$7,0))*$E$2) | 2nd | 0.3 | |||
3rd | 45149 | =SUM(INDEX($H$2:$H$7,MATCH(A4,$G$2:$G$7,0))*$E$2) | 3rd | 0.25 | |||
4th | 45206 | =SUM(INDEX($H$2:$H$7,MATCH(A5,$G$2:$G$7,0))*$E$2) | 4th | 0.1 | |||
5th | 45304 | =SUM(INDEX($H$2:$H$7,MATCH(A6,$G$2:$G$7,0))*$E$2) | 5th | 0.1 | |||
Final | 45493 | =SUM(INDEX($H$2:$H$7,MATCH(A7,$G$2:$G$7,0))*$E$2) | Final | =$H$8-SUM(H2:H6) | |||
=SUM(C2:C7) | 1 |
Note:
Because the i used the RandArray function the dates keeps changing so you can copy the dates and paste as values in the same cells or you can even use macro to do that.
Also, remember to format the Due dates column as date.
Other contributions or inputs are welcome
Hope you find this helpful
Thanks
@DonShearer
Jul 16 2022 11:30 AM
Please below is the formula for the Due Dates using RandArray function.
For the Due Dates column as date
Deposit | Due Date | Amount | Total Amount | Deposit | Rate | ||
1st | 44762 | =SUM(INDEX($H$2:$H$7,MATCH(A2,$G$2:$G$7,0))*$E$2) | 50000 | 1st | 0.2 | ||
2nd | =SORT(RANDARRAY(COUNTA(A3:A6),1,B2,B7,TRUE)) | =SUM(INDEX($H$2:$H$7,MATCH(A3,$G$2:$G$7,0))*$E$2) | 2nd | 0.3 | |||
3rd | =SUM(INDEX($H$2:$H$7,MATCH(A4,$G$2:$G$7,0))*$E$2) | 3rd | 0.25 | ||||
4th | =SUM(INDEX($H$2:$H$7,MATCH(A5,$G$2:$G$7,0))*$E$2) | 4th | 0.1 | ||||
5th | =SUM(INDEX($H$2:$H$7,MATCH(A6,$G$2:$G$7,0))*$E$2) | 5th | 0.1 | ||||
Final | 45493 | =SUM(INDEX($H$2:$H$7,MATCH(A7,$G$2:$G$7,0))*$E$2) | Final | =$H$8-SUM(H2:H6) | |||
=SUM(C2:C7) | 1 |
Deposit | Due Date | Amount | Total Amount | Deposit | Rate | ||
1st | 7/20/2022 | $10,000.00 | $50,000.00 | 1st | 20% | ||
2nd | 9/8/2022 | $15,000.00 | 2nd | 30% | |||
3rd | 4/20/2023 | $12,500.00 | 3rd | 25% | |||
4th | 8/7/2023 | $5,000.00 | 4th | 10% | |||
5th | 5/12/2024 | $5,000.00 | 5th | 10% | |||
Final | 7/20/2024 | $2,500.00 | Final | 5% | |||
$50,000.00 | 100% |
Jul 16 2022 03:21 PM
Jul 16 2022 03:26 PM