View Single Post
  #2   Report Post  
Posted to microsoft.public.excel.worksheet.functions
bj bj is offline
external usenet poster
 
Posts: 1,397
Default Starting payment when increase rate is known & total payment is kn

assuming you want a ten percent increase each year based on that years payment
to get the first payment
=5000/sumproduct(1.1^(row(A1:A5)-1)))
to get the second payment
=1.1* this cell
and so forth

"Shailendra Harri" wrote:

Does anyone know of a function that can provide the the starting payment and
the subsequent payments thereafter to reach a total as defined.

Example:
Total payments must be 5000 over 5 years. The increase rate is 10% every
year, so what will the starting payment be.

I have been able to figure this out using Algebra type mathematical
formula's in excel, however i believe there must be a function that can very
easily achieve this more quickly. The field Total payments, no of payments
and increase rate is known, while the unknown is the starting payment and the
payments subsequent to that.
--
Thank you in advance
Shailendra Harri