Yes but surely you would not want to use D3? Are you not about to overwrite
D3 and that would give you a circular reference. Pick another cell and make
the reference to it Absolute. For example, if the cell with the Maximum
value that you want was E2 then make the formula in D3:

=MIN($E$2,CEILING(D2*1.05,1))

and copy down on the fill handle.

--
HTH

Sandy
In Perth, the ancient capital of Scotland
and the crowning place of kings


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"Greg" wrote in message
...
Am I able to reference the 150 from another cell? For instance
=MIN(D3,CEILING(D2*1.05,1)), where D3 is the maximum?

"Sandy Mann" wrote:

=MIN(150,CEILING(D2*1.05,1))

--
HTH

Sandy
In Perth, the ancient capital of Scotland
and the crowning place of kings


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"Greg" wrote in message
...
Thank you Sandy. One more question, how do I then include a CEILING
function
to round up within this equation? I cannot have .25 of a unit. Thanks
again!

"Sandy Mann" wrote:

With 100 in D2, in D3 and below enter:

=MIN(150,D2*1.05)

--
HTH

Sandy
In Perth, the ancient capital of Scotland
and the crowning place of kings


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"Greg" wrote in message
...
I am working on a formula based on 5% growth per month. I started
out
with
100 units in January and in February that number will be 105, and so
on.
I
have a maximum number of 150 units I cannot exceed for a formula.
Is
there
anyway to set this up as a growth rate per month and then stop the
growth
once it hits 150 units? Any help would be appreciated.