How to forecast dates based on number of years?

xlmaniac

Well-known Member
Joined
Jul 2, 2009
Messages
503
Office Version
  1. 2010
Platform
  1. Windows
Dear All,
I do have a small dataset as follows.
I am trying to calculate the Maturity Date & Last-Preimum-Payment Date for Life Insurance Policy based on the number of years of the policy.
I have tried to put formulae for the same but the result is coming wrong.
Could somebody help me in forecasting the correct dates?
Thanks

Sheet2

<TABLE style="BACKGROUND-COLOR: #ffffff; PADDING-LEFT: 2pt; PADDING-RIGHT: 2pt; FONT-FAMILY: Arial,Arial; FONT-SIZE: 10pt" border=1 cellSpacing=0 cellPadding=0><COLGROUP><COL style="WIDTH: 30px; FONT-WEIGHT: bold"><COL style="WIDTH: 70px"><COL style="WIDTH: 56px"><COL style="WIDTH: 79px"><COL style="WIDTH: 57px"><COL style="WIDTH: 79px"><COL style="WIDTH: 79px"></COLGROUP><TBODY><TR style="TEXT-ALIGN: center; BACKGROUND-COLOR: #cacaca; FONT-SIZE: 8pt; FONT-WEIGHT: bold"><TD> </TD><TD>A</TD><TD>B</TD><TD>C</TD><TD>D</TD><TD>E</TD><TD>F</TD></TR><TR style="HEIGHT: 69px"><TD style="TEXT-ALIGN: center; BACKGROUND-COLOR: #cacaca; FONT-SIZE: 8pt">1</TD><TD style="TEXT-ALIGN: center">Policy No</TD><TD style="TEXT-ALIGN: center">Basic Sum Assured</TD><TD style="TEXT-ALIGN: center">Policy Commencement Date</TD><TD style="TEXT-ALIGN: center">Terms(In Years)</TD><TD style="TEXT-ALIGN: center">Maturity Date</TD><TD style="TEXT-ALIGN: center">Last Premium Payment Date</TD></TR><TR style="HEIGHT: 17px"><TD style="TEXT-ALIGN: center; BACKGROUND-COLOR: #cacaca; FONT-SIZE: 8pt">2</TD><TD style="TEXT-ALIGN: center">416333813</TD><TD style="TEXT-ALIGN: center">1000000</TD><TD style="TEXT-ALIGN: center">28-Mar-2004</TD><TD style="TEXT-ALIGN: center">20</TD><TD style="TEXT-ALIGN: center">23-Mar-2024</TD><TD style="TEXT-ALIGN: center">24-Mar-2023</TD></TR></TBODY></TABLE>
<TABLE style="BORDER-BOTTOM-STYLE: groove; BORDER-BOTTOM-COLOR: #00ff00; BACKGROUND-COLOR: #fffcf9; BORDER-TOP-COLOR: #00ff00; BORDER-LEFT-STYLE: groove; FONT-FAMILY: Arial; BORDER-TOP-STYLE: groove; COLOR: #000000; BORDER-RIGHT-COLOR: #00ff00; BORDER-RIGHT-STYLE: groove; FONT-SIZE: 10pt; BORDER-LEFT-COLOR: #00ff00"><TBODY><TR><TD>Spreadsheet Formulas</TD></TR><TR><TD><TABLE style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" border=1 cellSpacing=0 cellPadding=2><TBODY><TR style="BACKGROUND-COLOR: #cacaca; FONT-SIZE: 10pt"><TD>Cell</TD><TD>Formula</TD></TR><TR><TD>E2</TD><TD>=C2+(D2*365)</TD></TR><TR><TD>F2</TD><TD>=C2+(D2-1)*365</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>

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Weaver

Well-known Member
Joined
Sep 10, 2008
Messages
5,196
I think because your formula doesn't allow for leap years (assuming I've understood your problem correctly)

Try

E2: =DATE(YEAR(C2)+D2,MONTH(C2),DAY(C2))
F2: =DATE(YEAR(C2)+D2-1,MONTH(C2),DAY(C2))
 

xlmaniac

Well-known Member
Joined
Jul 2, 2009
Messages
503
Office Version
  1. 2010
Platform
  1. Windows
Wow...it is truly an amazing solution....
Thanks a lot Weaver for your input & help.:):):)
Really appreciate the same.
 

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