Hi Paul,

Nice one. Good job done....

Thanks,

On Sat, Feb 20, 2010 at 10:07 AM, ankur <ankurpande...@gmail.com> wrote:

> hi sastry
> i think ur query has been solved by paul  , for any more clarification
> u can post ur msg
> Have A Nice Time & Enjoy Life
>
> Regards:
> CMA Ankur Pandey
> (Someone Different)
>
> I'm not the best but i'm not like the rest~~
>
>
>
>  On Sat, Feb 20, 2010 at 12:27 AM, Paul Schreiner <schreiner_p...@att.net>
> wrote:
> > First of all, you should check the "help" for the "or" function.
> > It says:
> >      Returns TRUE if any argument is TRUE; returns FALSE if all arguments
> > are FALSE
> > and
> >    The arguments must evaluate to logical values such as TRUE or FALSE,
> or
> > in arrays or references that contain logical values.
> >
> > that means that the stuff between the commas
> > =or(test1, test2, test3)
> > must END UP either TRUE or FALSE
> >
> > so, or(6,12,18,24... isn't going to work.
> > because 6 isn't a true or false, 12 isn't true or false.
> >
> > I realize you WANT to test if A2 = 6, 12, 18...
> > but to do that with OR, you'd have to use:
> > =OR(A2=6,A2=12,A2=18, ....)
> > Now, an easier approach would be to use something like the =MOD()
> function.
> > =MOD() (short for "modulus") performs a division operation and returns
> the
> > REMAINDER.
> >
> > So, you could use:  =if(mod(A2,6)=0,(B2*C2)+B2,B2)
> >
> > although I'm not sure if the rest of your formula is correct...
> > But this will at least get your first question answered...
> > Paul
> > ________________________________
> > From: Sastry <brb.sas...@gmail.com>
> > To: MS EXCEL AND VBA MACROS <excel-macros@googlegroups.com>
> > Sent: Fri, February 19, 2010 12:44:25 PM
> > Subject: $$Excel-Macros$$ formula for showing multiple of a no.
> >
> > Hi Group,
> >
> > I am writing a simple formula for a compounding interest. Let me
> > quickly take you through the example.
> >
> > Monthly Investment - Rs.2000
> > Yearly Interest - 10% (compounded twice a year) i.e., 5% every 6th
> > month
> > Tenor - 1 year
> >
> > Month  Investment  Interest  Cls Bal
> > (Col A) (ColB)        (Col C)  (Col D)
> > 1          2000            5%      2000 (no interest calc)
> > 2          4000            5%      4000 (no interest calc)
> > 3          6000            5%      6000 (no interest calc)
> > 4          8000            5%      8000 (no interest calc)
> > 5        10000            5%      10000 (no interest calc)
> > 6        12000            5%      12600 (interest calculated @ 5%)
> >
> > My Question:
> > I'm putting a formula assuming that they are in Columns A to D.
> > I'm putting a formula in column D (Cls bal) as
> >
> >
> =IF(A2=OR(6,12,18,24,30,36,42,48,54,60,66,72,78,84,90,96,102,108,114,120),
> > (B2*C2)+B2,B2)
> >
> > for some strange reason, this formula while using "OR" worksheet
> > function is not working.
> >
> > Also, can anyone suggest if there is a shorter way of finding a
> > substitute for "OR"? I want the interest to be calculated when the
> > tenure is a multiple of 6 (since half yearly compounding).
> >
> > Your time and thoughts would be highly appreciated.
> >
> > Sastry
> >
> > --
> >
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-- 
Thanks,

Deepak Rai

-- 
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