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Returning a cell's value based on a condition

Discussion in 'Business Applications' started by chetmorrell, Jul 9, 2018.

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  1. chetmorrell

    chetmorrell Thread Starter

    Joined:
    Sep 27, 2017
    Messages:
    28
    Hello,

    I'm trying to enter a formula that returns a value when a loan balance is paid off. I've attached a spreadsheet that shows the costs and revenues of a project and the corresponding loan balance. It's very basic, but I'm trying to see if there is any formula that will return the Month that corresponds to the loan being paid off. I've been trying to use an "if" formula and when the loan balance is <0, but i don't know how to do it with just one cell. Let me know if anyone has ever done anything like this.

    Thanks,
    Chet
     

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  2. Chawbacon

    Chawbacon

    Joined:
    Jul 9, 2018
    Messages:
    281
    First Name:
    Jack
    Hello chetmorrell,

    Assuming that you are going to plug a month name in your "Month 1 - 12" cells. You could try the following:
    =IF(B17+C15>=0,C14,B17+C15)

    Good luck,


    Chawbacon
     
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