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Fred Smith[_4_] Fred Smith[_4_] is offline
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Default modified amortization schedule for open ended loan with EOM LP

I haven't been able to come up with a solution to the problem. What I would
do is either live with it, or convert the dates to values (copypaste
special... values), and then delete the duplicate rows.

Regards,
Fred.

"staplers" wrote in message
...
O.K. I figured out your formula and what I did wrong when I made it fit
my
cell numbers. After I corrected my mistake, it almost works perfectly -
unless the last Monday in the month is the 17 th and the EOMONTH is the
31st
. When this happens, the formula calculates one date on the 17, then the
EOMONTH for the 31, and then 17 + 14 = 31 again. It would do the same
thing
for a 16th and 30th combination.

Through March 2013, this happens for August 2009 and January 2011.

Your formula almost did the trick, with this exception. I have tried to
use
the double date, since it means I am making a payment on the date as well
as
a LPP payment on that date, but a single date would work better.

Can you figure out how to eliminate either the last Monday or the EOMONTH
in
the case where they coexist?

Thanks for your help.

--
staplers


"staplers" wrote:

This doesn't work as I need. [
"=IF(A2=EOMONTH(A2,0),A1+14,IF(MONTH(A2)=MONTH(A2+ 14),A2+14,EOMONTH(A2,0)))"]

For my loan:
D10 = Loan_Start = 3/20/09
A19 = Payment #1 = 3/27/09
A19 €“ A29 = Payments 1 €“ 11, irregular payments trying to set a schedule
A30 = first regular, scheduled biweekly payment = Monday, June 8 =
Payment 12
Everything following should be every other Monday + every EOMONTH

Your formula gives 3 dates per month where 2 Mondays exist in the month,
but they are every 14th and every 28th + every EOMONTH. I need them to
be
every Monday + every EOMONTH. Your formula never gives 3 Mondays +
EOMONTH,
but two months should have these 4 dates.

I can ignore payments 1 -11 since they are not on a schedule, but I need
to
begin my schedule by specifying the date for payment 12, Monday, June 8,
and
then follow a biweekly schedule + EOMONTH from then on.

Is this possible to do?

--
staplers


"Fred Smith" wrote:

As you said "anything is welcome", here's a formula to do what you
want.
Assumes starting date is in a2:
=IF(A2=EOMONTH(A2,0),A1+14,IF(MONTH(A2)=MONTH(A2+1 4),A2+14,EOMONTH(A2,0)))

Regards,
Fred

"staplers" wrote in message
...
I can fill cells of a column with all 26 recurring biweekly Mondays
(for
instance) in the year. I can fill cells of a column with all 12
EOMONTHs
in
the year. But I cannot do both at once. How can I create a column
that
lists selected biweekly days/dates including EOMONTH for all 12
months?
10
months would have two biweekly days/dates plus one EOMONTH (3 dates)
and
two
months would have three biweekly days/dates plus one EOMONTH (4
dates).
This
is for an Open Ended loan I am trying to track with an amortization
plan
where I make 26 payments per year, every other Monday, and a Loan
Protection
Plan charge is added to my loan the last day of every month (No, I
don't
like
being forced to pay interest on the extra loan amount, but I cannot
pre-pay
it monthly.) I want a €œglobal€ formula using defined ranges, not one
that
sequences from the previous/last cell to test and fill the
next/succeeding
cell. However, anything is welcome.
--
staplers