Equation to figure out amount left by month

carliw1309

New Member
Joined
May 17, 2023
Messages
1
Office Version
  1. 2019
Platform
  1. MacOS
I am trying to figure out an equation to help me figure out:
If I want to invest $22k a year, and so far I have invested $6k, I know how much I need to invest per month to get me to $22k BUT I want to have an equation that figures out PER MONTH what I need to invest once that amount invested has changed.
So for instance, I have 7 months left in the year, I need to invest $2285 each month to meet my goal. But if next month, I put in $3k, now my monthly goal is ($22k-$9k)/6 months = $2166
Sorry, it's the only way I can explain it because I don't know the terminology.
But if it's possible, I would like it to auto populate the months remaining. I don't know if this is possible.
Thanks!!!!
 

Excel Facts

Which lookup functions find a value equal or greater than the lookup value?
MATCH uses -1 to find larger value (lookup table must be sorted ZA). XLOOKUP uses 1 to find values greater and does not need to be sorted.
@carliw1309 Welcome.
This probably won't match your layout but may give you an idea?
Click the Copy icon at the top left of the display below and then you can then paste it into a blank sheet to test it.



Book1.xlsx
ABCDEFGHIJKLMNOP
1
2
3Year Start1/1/23MonthJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
4Annual Target22000Monthly Target------2166.672166.672166.672166.672166.672166.67
5Invested To Date9000Invested200001000150015003000
6
7
8*Enter 0 if no investment made for a given month
9
Sheet8
Cell Formulas
RangeFormula
E3:P3E3=$B3+COLUMNS($E1:E1)*28
E4:P4E4=IF(AND(ISNUMBER(E5),E5>-1),"-",($B4-$B5)/COUNTIF($E5:$P5,""))
B5B5=SUM(E5:P5)
 
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