# Excel Formula, Payment calculation

1. ## Excel Formula, Payment calculation

Hello Guys,

I work for a auto dealership and my boss asked me to calculate a reserve on finance deals. I have total 5 finance deals and total amount of financed is: \$169,819. My spread is always 2% ( buy rate-sell rate)

The reserve is the difference between buy rate and sell rate. How do I calculate my reserve assuming my spread is always 2%.

Number of finance deal: 5
Total Amount financed: \$169,819
Amount of reserve: ?

Assuming 2% is the spread which is difference between sell rate and buy rate.

2. ## Re: Excel Formula, Payment calculation

Hi,

Not entirely sure exactly what number you're expecting but maybe simply

Formula:
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where A2 is the total amount financed. e.g. 169,819

3. ## Re: Excel Formula, Payment calculation

crossposted: http://www.mrexcel.com/forum/excel-q...e-formula.html

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