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#1
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Formula for two "If's"
In calculating a formula for deductibles, how would I express the following:
There is a $2,400 deductible for each spouse; That is, if Bob has a claim of over $2,400, then return only the amount above 2.4k; if Bernice also has a claim over 2.4k, then add her amount above 2.4k to Bob's amount; it is possible for only Bob or only Bernice to have a claim or for both of them to have claims; anyone whose claim is below 2.4k would not be recorded; the total after all subtractions cannot be below zero thank you -- MZ |
#2
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Formula for two "If's"
homework?
-- Don Guillett Microsoft MVP Excel SalesAid Software "MZ" wrote in message ... In calculating a formula for deductibles, how would I express the following: There is a $2,400 deductible for each spouse; That is, if Bob has a claim of over $2,400, then return only the amount above 2.4k; if Bernice also has a claim over 2.4k, then add her amount above 2.4k to Bob's amount; it is possible for only Bob or only Bernice to have a claim or for both of them to have claims; anyone whose claim is below 2.4k would not be recorded; the total after all subtractions cannot be below zero thank you -- MZ |
#3
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Formula for two "If's"
If Bob is in A1, and Bernice is in A2,
=max(0,a1-2400)+max(0,a2-2400) Regards, Fred "MZ" wrote in message ... In calculating a formula for deductibles, how would I express the following: There is a $2,400 deductible for each spouse; That is, if Bob has a claim of over $2,400, then return only the amount above 2.4k; if Bernice also has a claim over 2.4k, then add her amount above 2.4k to Bob's amount; it is possible for only Bob or only Bernice to have a claim or for both of them to have claims; anyone whose claim is below 2.4k would not be recorded; the total after all subtractions cannot be below zero thank you -- MZ |
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