Calculate Yearly Rent

decent_boy

Board Regular
Joined
Dec 5, 2014
Messages
64
Office Version
  1. 2016
Platform
  1. Windows
Hi
I need a formula to calculate yearly rent as per agreement date, rent will be increased after each year according to annual increment . Enclosed image is an example formula is required in yellow highlighted cells which calculates yearly amount as per billing month cell for example if agreement start year is Jan 2018 and bill year is Jan 2020 then rent amount after 2 year is 60,500. Further if bill year great than agreement end date then it shows "Agreement Expired"
 

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JimM

Well-known Member
Joined
Nov 11, 2003
Messages
716
Does this do what you want

=IF(D9>D1,"Agreement Expired",FV(E1,DATEDIF(C1,D9,"y"),0,-F1))

How do you get £44,000 as the result for Smith?? If interest is 15% then after 1 year the rent would be £46,000
 

decent_boy

Board Regular
Joined
Dec 5, 2014
Messages
64
Office Version
  1. 2016
Platform
  1. Windows
Jim, thank you very much that is what i want
thanks for giving your time and effort
 

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