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May 12th, 2013, 03:39 AM   #1
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Due date formula

I am looking for help creating a formula to calculate a "payment due" date. Here are the rules It has to follow:
The date has to fit for a 9 payment series over a 10 month period
There is a 20 day +- grace period
1 month can have 0 payments

I am not sure if this can be solved with a formula.
mwawrzyniec is offline  
 
May 12th, 2013, 01:07 PM   #2
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Re: Due date formula

Quote:
Originally Posted by mwawrzyniec
I am looking for help creating a formula to calculate a "payment due" date. Here are the rules It has to follow:
The date has to fit for a 9 payment series over a 10 month period
There is a 20 day +- grace period
1 month can have 0 payments

I am not sure if this can be solved with a formula.
You are not sure if WHAT can be solved?
What does "+-" mean?
"grace period" means no interest charged?

The way you word the question, it is possible for the 9 payments to be made
on the last 9 days of the 10 month period...

Please give an example.
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