Hi all,
I have what I hope is a quick question that I could really use help on. I have a drop down menu in cell G1 that allows for users to select the below deductible amounts (1,000, 2,000, 3,000, etc). In column D (Table) the user can manually enter one of the three table numbers shown below (1, 2 or 3). In column E, I have the below discount factors (shown below under the table numbers - currently being entered manually). Could someone please show me how to get cells column E to auto update, based on the deductible amount that is selected from the drop-down menu and the table number that is entered in column D? So for example, if the 1,000 is selected from the drop down menu and table 1 is entered in one of the cells in column D, then return value 0.043 in column E. Another example, if 5,000 is selected from the drop-down menu and table 2 is entered in one of the cells in column D, then return value .109 in column E.
Could this be done using a VLOOKUP or an IF Statement, or both? Any help would be greatly appreciated. Thank you.
Deductible
Amount Table 1 Table 2 Table 3
1,000 0.043 0.035 0.028
2,000 0.072 0.059 0.049
3,000 0.094 0.079 0.065
4,000 0.114 0.095 0.079
5,000 0.131 0.109 0.091
10,000 0.198 0.165 0.137
15,000 0.246 0.206 0.172
20,000 0.283 0.238 0.201
25,000 0.313 0.265 0.225
50,000 0.415 0.361 0.313
75,000 0.476 0.422 0.375
100,000 0.516 0.467 0.424
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