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Calculate Next Payment Date based on multiple criteria

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    Calculate Next Payment Date based on multiple criteria

    This is giving me a headache, Please Help!!!

    I've spent way too many days on this. I am trying to create a formula that will show the next payment date based on a number of given factors. First, the payment frequency. Second, the start date. Third, current date. In the example, column "D" needs to show when the next payment is due given the fact that it's the 9th of November. I can add extra columns if that helps.
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    Re: Calculate Next Payment Date based on multiple criteria

    Almost finish, except the condition "Every Other Month". What is your expected result for this?
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    Quang PT

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    Re: Calculate Next Payment Date based on multiple criteria

    Wow, that's looking great. I was especially having a hard time "Quarterly". To answer your question, Every other month would be like if it was last due on 11/2/15, the next payment would be 1/2/15, then 3/2/15, and so on. Also, I see that the formula for every six months has those special brackets, does that make it an array formula?
    Thanks again,

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    Forum Expert bebo021999's Avatar
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    Re: Calculate Next Payment Date based on multiple criteria

    So it means 2 month frequence:
    =MAX(EDATE(C15,CEILING(DATEDIF(C15,$C$2,"m")+{1,2},2)))

    Quote Originally Posted by sabin348 View Post
    Also, I see that the formula for every six months has those special brackets, does that make it an array formula?
    Thanks again,
    Not at all. With {1,2}, EDATE returns result(1) and result(2), then MAX() to get the biggest.

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    Re: Calculate Next Payment Date based on multiple criteria

    d17=EDATE(C17,CEILING(DATEDIF(C17,$C$2,"m")+1,6))
    I think this will work for that
    Samba

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    Forum Expert bebo021999's Avatar
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    Re: Calculate Next Payment Date based on multiple criteria

    Quote Originally Posted by nflsales View Post
    d17=EDATE(C17,CEILING(DATEDIF(C17,$C$2,"m")+1,6))
    I think this will work for that
    Thanks nflsales, it is simple and correct.

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