Need Function
What function do I use?
I have an amount of money that will grow at a steady rate, and from which there will be monthly disbursals of a fixed amount. What function do I use to determine how long in months the money will last? |
Need Function
I don't know of any function that does that although it will propbaly exist.
But you can create the calculation step by step ( if it's a one-time task ): Assuming that the disbursement is at the beginning of the month do this: In A1 : enter your initial amount In A2 : = E1 In B1 and B2: enter your monthly disbursement In C1 : = A1 - B1 Copy C1 to C2 In D1 and D2 : Enter the growth % per month ( e.g. 0,5%) In E1: = C1*(1+D1) Copy E1 to E2 Now copy row 2 down until A1 becomes 0 or less. Not very sophisticated but does the trick. Hans "SilkCityFlorida" wrote: What function do I use? I have an amount of money that will grow at a steady rate, and from which there will be monthly disbursals of a fixed amount. What function do I use to determine how long in months the money will last? |
Need Function
Use the NPER function
In article , SilkCityFlorida wrote: What function do I use? I have an amount of money that will grow at a steady rate, and from which there will be monthly disbursals of a fixed amount. What function do I use to determine how long in months the money will last? |
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