Student loan formula
Divide by 12
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HTH
Bob
"Scoober" wrote in message
...
Hi Tom,
Sorry your formula has worked (i Has something written in e32)
Can you tell me how to make this answer in a monthly amount as it is
showing
in a yearly figure (something i did not think about in my original
question)
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Thanks in advance.
Scoober
"Tom-S" wrote:
Try this:
=IF(OR(H31<18142,H33<18142,AND(E31="no",E33="no")) ,"",(SUMPRODUCT((E31:E33="yes")*(H31:H33))-COUNTIF(E31:E33,"=yes")*18148)*0.1)
Please note, this assumes that cells E32 and H32 are both empty.
"Scoober" wrote:
Hi all,
I am trying to get this formula to complete a student loan formula.
=IF(AND(H31=H33,H31="no"),"",IF(AND(H31=H33,H31="y es"),(H31-18148)*0.1+(E33-18148)*0.1)
h31 = income
h33 =income
e31 = yes/no
e33 = yes/no
So if yes is selected in e31 and or e33 i need the formula
(h31-$18,148)*10%. There is also a need to show no result if either
applicants income is less than $18,142. Of course only one applicant
may have
a student loan and the other may not. So i need the formula to populate
the
object cell with nothing if neither applicants have a student loan, the
answer if 1 applicant has a student loan but the other does not or add
the
answer together if both have a student loan.
Can you see where i have gone wrong in my attempt?
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Thanks in advance.
Scoober
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