Auto Calculate Financing Options

CMJ

New Member
Joined
Jul 26, 2012
Messages
11
Hi,

I'm trying to figure out the best way to automate the following financing / payment schedule:

[TABLE="width: 310"]
<colgroup><col span="2"><col><col><col><col></colgroup><tbody>[TR]
[TD="colspan: 2"]Payment Amount[/TD]
[TD="colspan: 2"]Percentage of Contract[/TD]
[TD]Available financing[/TD]
[TD]Required Client Payment[/TD]
[/TR]
[TR]
[TD="colspan: 2"]$250.00[/TD]
[TD="colspan: 2"]25%[/TD]
[TD]$0.00[/TD]
[TD]$250.00[/TD]
[/TR]
[TR]
[TD="colspan: 2"]$250.00[/TD]
[TD="colspan: 2"]25%[/TD]
[TD]$0.00[/TD]
[TD]$250.00[/TD]
[/TR]
[TR]
[TD="colspan: 2"]$240.00[/TD]
[TD="colspan: 2"]24%[/TD]
[TD]$240.00[/TD]
[TD]$0.00[/TD]
[/TR]
[TR]
[TD="colspan: 2"]$240.00[/TD]
[TD="colspan: 2"]24%[/TD]
[TD]$240.00[/TD]
[TD]$0.00[/TD]
[/TR]
[TR]
[TD="colspan: 2"]$20.00[/TD]
[TD="colspan: 2"]2%[/TD]
[TD]$20.00[/TD]
[TD]$0.00[/TD]
[/TR]
[TR]
[TD="colspan: 2"]$1,000.00[/TD]
[TD="colspan: 2"]100%[/TD]
[TD]$500.00[/TD]
[TD]$500.00[/TD]
[/TR]
</tbody>[/TABLE]


Essentially, if there is financing available for 50% of the project, I'd like that to automatically calculate at the END of the payment schedule, so that we collect cash required up front before financing kicks in. So in this scenario, financing available kicks in after the client has paid the $500, or 50% of the total value.

Any help would be much appreciated!
 

Excel Facts

How to find 2nd largest value in a column?
MAX finds the largest value. =LARGE(A:A,2) will find the second largest. =SMALL(A:A,3) will find the third smallest

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