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Index and Match Function

  1. #1
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    Index and Match Function

    I am trying to write a formula that will return the date at which a loan reaches a $1,500 threshold or less. The formula needs to look at column F, find the first dollar amount less than 1500 and return the date that is on the same line as that value.

    My dates are in column B. My Loan Ending Balance is in column F. I figued this would be sooo easy, but I just can't seem to make anything work!

    Does any one have an idea for me?
    Thanks for any help!

  2. #2
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    Re: Index and Match Function

    =IF(ISNUMBER(MATCH($A$1,$F$2:$F$50,0)),INDEX($B$2:$B$50,MATCH($A$1,$F$2:$F$50,-1)),INDEX($B$50, MATCH($A$1,$F$2:$F$50,-1)+1))

    I put the $1500 in A1 so you can replace $A$1 with 1500 if that's a constant.
    Does that work for you?
    ChemistB
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  3. #3
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    Re: Index and Match Function

    Have you considered using a conditional format formula on the date range?
    Tom S.
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  4. #4
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    Re: Index and Match Function

    YES! I got that to work. You're a genius! Thanks so much! =)

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