Need Help with Excel IF stmt within an Amortization Schedule ASAP!

Redreesh

New Member
Joined
Jul 16, 2012
Messages
2
Hello All,

I need help to perform the following which I have included as an excel paste. Hope its legible. Please see towards bottom on what I need help with. Thanks!!
Company
Start Date
End Date
Commitment
Threshold
Term in Months
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
1/1/2013
2/1/2013
3/1/2013
4/1/2013
5/1/2013
6/1/2013
7/1/2013
8/1/2013
9/1/2013
10/1/2013
11/1/2013
12/1/2013
Association A
1/1/2012
12/31/2012
$ 40,000
Amortize
12
$ 3,333.33
Association B
2/1/2012
1/31/2013
$ 12,000
Amortize
12
$ 1,000.00
Association C
4/1/2012
3/31/2013
$ 45,000
Amortize
12
$ 3,750.00
Association D
6/1/2012
12/31/2012
$ 15,000
Amortize
7
$ -
Association E
11/1/2012
10/31/2013
$ 5,000
Do not Amortize
12
$ -
Association F
12/1/2012
5/3/2013
$ 125,000
Amortize
6
$ -
Requirements - Need a function to perform the following:
If Commitment amount = "Amortize," Then each month's amortized value needs to pick up value of after start date thru end of contract date.
For example, in Cell A7, Association C's start date is April 1st, therefore no value will be amortized until April-Dec'12 which will equate to $45000/12
If Commitment amount = Do Not Amortize, Then the commitment amount needs to be accounted for at the end of current year (i.e., Dec'12 in this example).

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