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Monthly Payments with Partial in Final Month

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Last Modified: 2018-12-14
My question is around determining the exact difference (in months) between two dates, then (with formulas) generating the correct payment for each month (fixed amount) until the last month where an allocation needs to be made based on the partial month.  I believe the attached spreadsheet shows what the question is about.  Thanks for your help.  - Tom
EE-QUESTION.xlsx
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Group Finance Manager
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This one is on us!
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Tom FarrarConsultant
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Yes, that works nicely.  I am going to have to parse the formula to better understand.  Thanks!
Tom FarrarConsultant
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Thanks, Roy!
Roy CoxGroup Finance Manager
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Let me know if you need to help deciphering the formulas.
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