Complicated Rent Formula |
Complicated Rent Formula - Excel |
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Hi,
Please suggest a formula for the table below to calculate the rent.
Please note the following, while formulating.
1) Escalation of rent happens after every 2 months. ie 3rd month rent is 15% higher than the previous month.
2) Rent has to be date specific, in other words, if the rent start date is 15th March, then the rent to be charged in the month of March is for 17 days.
3) Rent escalation is date specific, in other words if the rent start date is 19th June, the escalation of rent shall happen after 2 months i.e. 19th Aug, for the month of Aug the rent shall be calculated in the following manner, 1st Aug to 18th Aug as per previous months rent from 19th Aug to 31st Aug with 15% escalation.
Hope this makes sense. I am using excel 2007.
Sheet1
A B C D E F G H I J K 2 Tenant Rent Start Date Rent per month Escalation after every Escalation % 3 ABC 01-Jan-2011 5,000.00 2 months 15% 4 XYZ 19-Mar-2011 5,000.00 2 months 15% 5 6 Rent Every Month 7 Tenant 31-Jan-2011 28-Feb-2011 31-Mar-2011 30-Apr-2011 31-May-2011 30-Jun-2011 31-Jul-2011 31-Aug-2011 30-Sep-2011 31-Oct-2011 8 ABC 9 XYZ
Excel tables to the web >> Excel Jeanie HTML 4
Please suggest a formula for the table below to calculate the rent.
Please note the following, while formulating.
1) Escalation of rent happens after every 2 months. ie 3rd month rent is 15% higher than the previous month.
2) Rent has to be date specific, in other words, if the rent start date is 15th March, then the rent to be charged in the month of March is for 17 days.
3) Rent escalation is date specific, in other words if the rent start date is 19th June, the escalation of rent shall happen after 2 months i.e. 19th Aug, for the month of Aug the rent shall be calculated in the following manner, 1st Aug to 18th Aug as per previous months rent from 19th Aug to 31st Aug with 15% escalation.
Hope this makes sense. I am using excel 2007.
Sheet1
A B C D E F G H I J K 2 Tenant Rent Start Date Rent per month Escalation after every Escalation % 3 ABC 01-Jan-2011 5,000.00 2 months 15% 4 XYZ 19-Mar-2011 5,000.00 2 months 15% 5 6 Rent Every Month 7 Tenant 31-Jan-2011 28-Feb-2011 31-Mar-2011 30-Apr-2011 31-May-2011 30-Jun-2011 31-Jul-2011 31-Aug-2011 30-Sep-2011 31-Oct-2011 8 ABC 9 XYZ
Excel tables to the web >> Excel Jeanie HTML 4
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Knowldege is Power
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I am trying to reference a cell on another worksheet, the cell is formatted to be a date. when i put in the following formula =Sheet2!A1 and i don't input a date into A1 on sheet 2 the cell containing the formula shows the date 00/01/1900, is there any way of stopping this showing, ideally the cell would be blank until I inputted a date into A1 on sheet 2
Any help would be very much appreciated