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May 12th, 2013, 03:39 AM  #1 
Newbie Joined: May 2013 Posts: 1 Thanks: 0  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. 
May 12th, 2013, 01:07 PM  #2  
Math Team Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 14,412 Thanks: 1024  Re: Due date formula Quote:
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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