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Thread: Formula for reducing by a specific amount

  1. #1

    Formula for reducing by a specific amount

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    I am trying to figure out how to calculate a sum reducing by a specific amount...i.e. I have 100 lots to pay HOA dues on @ $120 per quarter. I am budgeting to sell 3 homes per quarter so want to reduce this amount by 3 each time and figure out what my final number will be when all 100 lots are sold. Is there a way to do this? I am thinking an amortization schedule but I can get it to work. I can't do a nested if function because there are too many conditions. Any ideas??

  2. #2
    Administrator Ken Puls's Avatar
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    Mar 2011
    Nanaimo, BC, Canada
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    Hi there,

    Not totally sure if this is what you're after, but it's a quick'n'dirty of what I think you're looking for.
    Attached Files Attached Files
    Ken Puls, FCPA, FCMA, MS MVP

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