Solved

ok, another question for my amortization schedule

Posted on 2011-09-20
7
186 Views
Last Modified: 2012-06-21
I want to lock the report tab so nobody can change it and nobody has to, but there is an issue if a payment is made before the 31st day of the loan.  Say i make a payment on the 3rd day of the loan, the report attempts to pull information that does not exist.  Is there a way to show the information for each payment if made before the first 31 days without it pulling for info before the start date while simultaneously allowing the report to show 31 days of activity?
The spreadsheet is attached
Copy-of-Amortization-on-a-Simple.xls
0
Comment
Question by:binaryman101
  • 4
  • 3
7 Comments
 
LVL 7

Expert Comment

by:BusyMama
ID: 36571138
I can't tell if it is working or not when I put numbers in here ... can you test it with:

Cell B21 =IF(B22-31<TODAY()-31,TODAY()-31,B22-31)
Cell B22 =IF(A17-31<TODAY()-31,TODAY(),A17-31)
0
 

Author Comment

by:binaryman101
ID: 36573711
I tested this, but it doesn't match the dates of the payments or the schedule.  I wish I automatically knew more about advanced formulas.  
0
 
LVL 7

Expert Comment

by:BusyMama
ID: 36574568
No problem ... how about this in cell B23:

=IFERROR(MATCH(B21,'Loan Data'!B:B,0),MATCH(B22-'Loan Data'!B18,'Loan Data'!A:A,0))

This says, if there is an error in the original formula, then instead of matching the Report Date, match the End Date minus the earliest date in column A on the data sheet (cell B18 on the data sheet).
0
Master Your Team's Linux and Cloud Stack!

The average business loses $13.5M per year to ineffective training (per 1,000 employees). Keep ahead of the competition and combine in-person quality with online cost and flexibility by training with Linux Academy.

 

Author Comment

by:binaryman101
ID: 36574675
This is extremely close to what i need.  When I inserted the formula, the report shows the payment date and the date before it.  But, it also shows the next 25 or so days that haven't happened yet.  I need the schedule on the report to show from the loan start date to the payment date, that is until the schedule goes past the first 31 days of the loan, then i need it to show the past 31 days of activity, like it has been. Thanks again.
0
 
LVL 7

Expert Comment

by:BusyMama
ID: 36579923
Sorry for the delay, I will work on this and post again a bit later.  Thanks for your patience!
0
 
LVL 7

Accepted Solution

by:
BusyMama earned 500 total points
ID: 36580168
Is it OK to change cell B21 to:

=MAX(B22-31,'Loan Data'!B18)

This will either subtract 31 days from the end date (which is what you have now), or it will use the earliest date of the loan from the data sheet, whichever is bigger.  On the copy I'm using to play with it seems to fix the problem you mentioned.

Let me know!
0
 

Author Closing Comment

by:binaryman101
ID: 36580529
I think you just made my day!
0

Featured Post

Windows Server 2016: All you need to know

Learn about Hyper-V features that increase functionality and usability of Microsoft Windows Server 2016. Also, throughout this eBook, you’ll find some basic PowerShell examples that will help you leverage the scripts in your environments!

Question has a verified solution.

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

How to quickly and accurately populate Word documents with Excel data, charts and images (including Automated Bookmark generation) David Miller (dlmille) Synopsis In this article you’ll learn how to use ExcelToWord! to copy data,charts, shapes …
This tutorial explains how to create a series of drop-down lists that are dependent upon prior selections to guide (“force”) the user to make the correct selection and reduce data errors within Microsoft Excel. Excel 2010 was used for this tutorial;…
The viewer will learn how to create a normally distributed random variable in Excel, use a normal distribution to simulate the return on an investment over a period of years, Create a Monte Carlo simulation using a normal random variable, and calcul…
This Micro Tutorial will demonstrate how to use longer labels with horizontal bar charts instead of the vertical column chart.

803 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