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Outstanding Debt (A1) is given
Interest Rate (A2) is given Period (A3) is given Interest Payment (A4) is calculated in a formula using the values in A1, A2, and A3 Principal Payment (A5) IS WHAT I AM TRYING TO SOLVE FOR Outstanding Debt #2 (B1) is A1 - A5 Interest Payment #2 (B4) is calculated in a formula using the values in B1, A2 and A3 The problem is that I am trying to find the largest number for A5 with the following conditions: A5 must be multiple of 5,000 The sum of A4, A5 and B4 must come as close to 6,172,000 without exceeding that number. Any ideas on how I might accomplish this in Excel? |
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