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Formula needed for Monthly Payment reduction from total.

  1. 01-02-2012, 10:03 AM #1
    AnIdiot
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    Unhappy Formula needed for Monthly Payment reduction from total.

    Hi everyone,

    If A1 is my amount outstanding(eg. 1000) and B1 is what I pay monthly(eg.100) How do I make C1 show the running total as it ticks down automatically month by month.
    Also, how do I make D1 show how many payments are left?
    There is no interest rate.

    Many thanks.
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  2. 01-02-2012, 10:12 AM #2
    dilipandey
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    Re: Formula needed for Monthly Payment reduction from total.

    Hi,

    See the attached file where I have presented the scenario shared by you along-with a solution. Thanks.



    Regards,
    DILIPandey

    <click on below 'star' if this helps>
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    DILIPandey, Excel rMVP
    +919810929744 (India), +971528225509 (Dubai), [email protected]
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