Want to win a PS4? Go Premium and enter to win our High-Tech Treats giveaway. Enter to Win

x
?
Solved

Top of the line difficult excel formula

Posted on 2011-09-16
8
Medium Priority
?
181 Views
Last Modified: 2012-05-12
I am in need of a more complicated formula.  I have updated a few things in the spreadsheet, so I am attaching the new one so you can understand what I am trying to ask.  I need Cell C16 in the Report tab to equal the amount of interest paid for the payment made on the "today's payment."  In the Data tab that would be any time that the "Interest Accrual Account" column goes from one $0.00 to the next $0.00.  For example: the payment on 11/18/2011, the interest paid would be the sum of Cell G62:G64.  But if we make payments on different dates, we would need the range of the interest to also change respectively.  Is there such a formula??
Copy-of-Amortization-on-a-Simple.xls
0
Comment
Question by:binaryman101
[X]
Welcome to Experts Exchange

Add your voice to the tech community where 5M+ people just like you are talking about what matters.

  • Help others & share knowledge
  • Earn cash & points
  • Learn & ask questions
  • 5
  • 3
8 Comments
 
LVL 27

Expert Comment

by:Glenn Ray
ID: 36551814
Insert the following formula in cell C16:
=INDEX(Data!$B$16:$K$11015,MATCH(A16,$B$16:$B$11015,0)+7,6)+(INDEX(Data!$B$16:$K$11015,MATCH(A16,$B$16:$B$11015,0)+6,7))

This adds the interest on that payment date and the Accrued Interest up to that date (one day earlier, one column to the right).

0
 
LVL 27

Expert Comment

by:Glenn Ray
ID: 36551827
Whoops...here is the corrected formula...I was referencing the incorrect range above.

=INDEX(Data!$B$16:$K$11015,MATCH(A16,Data!$B$16:$B$11015,0),6)+(INDEX(Data!$B$16:$K$11015,MATCH(A16,Data!$B$16:$B$11015,0)-1,7))
0
 

Author Comment

by:binaryman101
ID: 36551853
That almost worked the way i needed it to.  It needs to add one more line in the interest column to the total.  Also, when I changed the start date and end date in the report, it doesn't work properly.
0
What does it mean to be "Always On"?

Is your cloud always on? With an Always On cloud you won't have to worry about downtime for maintenance or software application code updates, ensuring that your bottom line isn't affected.

 
LVL 27

Expert Comment

by:Glenn Ray
ID: 36551914
The sum of values in cells G62:G64 on the "Data" sheet equals $102.76.  The above formula returns that value also (no other values changed).  Isn't that the correct result for 11/18?  For additional checks, I find that the value for 11/15 payment is $482.41

When I changed the End Date (cell B22 on the Report sheet), that only affected the output on the bottom. I'm not sure I understand why it would need to change the value in C16.

0
 

Author Comment

by:binaryman101
ID: 36551982
whoops, my bad i was trying to do too many things at once.  i think what you gave me works correctly.  I greatly appreciate the help.  i think i just miscalculated, probably from staring at spreadsheets all day.
thanks again
0
 
LVL 27

Expert Comment

by:Glenn Ray
ID: 36551997
Okay...let me know if you need any other assistance.  I'm offline for the next few hours, but will check back later.
0
 
LVL 27

Accepted Solution

by:
Glenn Ray earned 2000 total points
ID: 36560777
Hi binaryman101....did you have a chance to review my proposed solution again?  If so - and if it appears correct - please acknowledge.  Thanks! -Glenn
0
 

Author Closing Comment

by:binaryman101
ID: 36561273
much obliged...worked great
0

Featured Post

VIDEO: THE CONCERTO CLOUD FOR HEALTHCARE

Modern healthcare requires a modern cloud. View this brief video to understand how the Concerto Cloud for Healthcare can help your organization.

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

This code takes an Excel list of URL’s and adds a header titled “URL List”. It then searches through all URL’s in column “A”, looking for duplicates. When a duplicate is found, it is moved to the top of the list. The duplicate URL’s are then highlig…
You need to know the location of the Office templates folder, so that when you create new templates, they are saved to that location, and thus are available for selection when creating new documents.  The steps to find the Templates folder path are …
This Micro Tutorial will demonstrate on a Mac how to change the sort order for chart legend values and decrpyt the intimidating chart menu.
This Micro Tutorial will demonstrate how to create pivot charts out of a data set. I also added a drop-down menu which allows to choose from different categories in the data set and the chart will automatically update.

596 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question