Fourmula for calculation of End of service

I Need calculation of End of service ("L" Column). You may refer the attached sheet to better understand my query.
Example: employee number A-1 service is 9.5 years with salary of  5,900. then he will get first five year half salary (5*(5900)/2) and remaining years he will get one salary (4.5*5900)
Ashraf NomanAsked:
Who is Participating?

[Product update] Infrastructure Analysis Tool is now available with Business Accounts.Learn More

I wear a lot of hats...

"The solutions and answers provided on Experts Exchange have been extremely helpful to me over the last few years. I wear a lot of hats - Developer, Database Administrator, Help Desk, etc., so I know a lot of things but not a lot about one thing. Experts Exchange gives me answers from people who do know a lot about one thing, in a easy to use platform." -Todd S.

Without optimization:
=(YEARFRAC(D7,"31 jan 2018")-IF(YEARFRAC(D7,"31 jan 2018")>5,YEARFRAC(D7,"31 jan 2018")-5,0))*K7/2+IF(YEARFRAC(D7,"31 jan 2018")>0,K7*IF(YEARFRAC(D7,"31 jan 2018")>5,YEARFRAC(D7,"31 jan 2018")-5,0),0)

Open in new window


Experts Exchange Solution brought to you by

Your issues matter to us.

Facing a tech roadblock? Get the help and guidance you need from experienced professionals who care. Ask your question anytime, anywhere, with no hassle.

Start your 7-day free trial
ShumsExcel & VBA ExpertCommented:
Hi Ashraf,

Please try below formula in L7 and drag down:

Open in new window

In attached I have above formula in Col N.
Ashraf NomanAuthor Commented:
Thanks all.....  
@ als315...  your formula meet my requirement in a great  way.
You are welcome. Do not forget to close question
ShumsExcel & VBA ExpertCommented:
No comment has been added to this question in more than 14 days, and OP confirmed provided solution.
It's more than this solution.Get answers and train to solve all your tech problems - anytime, anywhere.Try it for free Edge Out The Competitionfor your dream job with proven skills and certifications.Get started today Stand Outas the employee with proven skills.Start learning today for free Move Your Career Forwardwith certification training in the latest technologies.Start your trial today
Microsoft Office

From novice to tech pro — start learning today.