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Helping with formula which calculate payment term

  1. #1
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    Helping with formula which calculate payment term

    Hi Guys,

    Example: I have 3 years contract worth £3000 first payment will be paid in first year however the rest on the end of the contract. The problem with that is first payment will be paid like that: 93% of 75% what does mean by that is the supplier will agreed with us they will pay us 75% of the 100% but because of the risk the will pay 93% of our 75% the rest will be paid on the end of our contract which is our 25% + 7%.
    I can calculate it manually but it is time consuming if I have 50 contracts a day. I need one formula which calculate for me everything right now
    Attached Files Attached Files

  2. #2
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    Re: Helping with formula which calculate payment term

    Hi, maybe in E1:
    =D3*75%*93%
    and in J1:
    =D1-E1

  3. #3
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    Re: Helping with formula which calculate payment term

    Hi,

    Thanks for that, yes this is easy formula which I am currently using, I was thinking something more advanced such as one formula to each column, in your example I have to each year calculate separately I wish to create one formula which calculate me everything in one time.

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