Showing number of payments left if start date and total number of payments are known

Jim Deans

New Member
Joined
Jan 10, 2013
Messages
2
Hi,
I'm banging my head against the wall trying to work out what I'm missing here, I get the distinct feeling its something obvious!:

First payment date: 1st Jan
Number of monthly payments that go out on the same day of the month as the first payment: 12
Last payment date:
Number of payments left:

Todays Date: today()

Working on the first payment going out on the 1st Jan, the 12th payment would go out on the 1st December.
Using the EDate, Year Frac etc and similar brings the last payment date up as the 1st Jan (this being 12 months from 1st Jan although this is in fact the start of the 13th month), this is similar if I try and work out the number of payments left based on today's date. e.g it's the 13th October today, there should be 2 payments left (1st Nov and 1st Dec) but if i adjust the EDate by

Has anyone any suggestions? Just -1 from the number of payments doesn't work when it comes to trying to work out the number of payments left based on today's date

Cheers

dates.xlsx
ABCDEFG
1First PaymentLast Payment DateTotal PaymentsPayments LeftToday13/10/2023
220/02/202320/02/20286052
Sheet1
Cell Formulas
RangeFormula
G1G1=TODAY()
B2B2=EDATE(A2,(C2))
D2D2=DATEDIF(G1,B2,"M")
 

Excel Facts

Is there a shortcut key for strikethrough?
Ctrl+S is used for Save. Ctrl+5 is used for Strikethrough. Why Ctrl+5? When you use hashmarks to count |||| is 4, strike through to mean 5.
Check this and revert -

Book1
ABCD
1First PaymentLast Payment DateTotal PaymentsPayments Left
244,97746,8036052
3
452
Sheet1
Cell Formulas
RangeFormula
B2B2=EDATE(A2,(C2))
D2D2=DATEDIF(G1,B2,"M")
D4D4=IF(DAY(TODAY())<20,DATEDIF(EOMONTH(TODAY(),-1)+20,$B$2,"M"),DATEDIF(EOMONTH(TODAY(),0)+20,$B$2,"M"))
 
Upvote 0

Forum statistics

Threads
1,215,088
Messages
6,123,057
Members
449,091
Latest member
ikke

We've detected that you are using an adblocker.

We have a great community of people providing Excel help here, but the hosting costs are enormous. You can help keep this site running by allowing ads on MrExcel.com.
Allow Ads at MrExcel

Which adblocker are you using?

Disable AdBlock

Follow these easy steps to disable AdBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the icon in the browser’s toolbar.
2)Click on the "Pause on this site" option.
Go back

Disable AdBlock Plus

Follow these easy steps to disable AdBlock Plus

1)Click on the icon in the browser’s toolbar.
2)Click on the toggle to disable it for "mrexcel.com".
Go back

Disable uBlock Origin

Follow these easy steps to disable uBlock Origin

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back

Disable uBlock

Follow these easy steps to disable uBlock

1)Click on the icon in the browser’s toolbar.
2)Click on the "Power" button.
3)Click on the "Refresh" button.
Go back
Back
Top