IF/AND functions with a maximum return value

ctothei

New Member
Joined
Apr 11, 2024
Messages
2
Office Version
  1. 365
  2. 2016
Platform
  1. Windows
I am trying to limit the results of multiple IF functions and I almost got it to work with this formula:

=IF(AND(L2="Long-Term Disability - Reliance (Employee)",B2/12>=16667.67),16667.67,IF(AND(L2="Long-Term Disability - Reliance Buy Up (Employee)",B2/12>=25000),25000,IF(OR(L2<>"Long-Term Disability - Reliance (Employee)",L2<>"Long-Term Disability - Reliance Buy Up (Employee)"),P2,B2/12)))

But it isn't working for everyone and I can't understand why. Two people with the exact same scenario are pulling in different results.

Please help!
 

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Excel Facts

How to calculate loan payments in Excel?
Use the PMT function: =PMT(5%/12,60,-25000) is for a $25,000 loan, 5% annual interest, 60 month loan.
I uploaded the wrong image in the post.
 

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