I have three cells in an Excel 2003 worksheet.
The cells are Named:
Cell1 = PERIOD
Cell2 = PREMIUMBASE
Cell3 = INSTALMENT
PERIOD is a drop down list containing a range of dates:
01/07/2009 ? 30/06/2010
01/01/2009 ? 31/12/2009
PREMIUMBASE is a dollar amount which is manually entered
INSTALMENT will calculate a dollar percentage of PREMIUMBASE dependant on which date range is chosen in PERIOD
I have created a VLOOKUP table as:
COLUMN 1 COLUMN 2
01/07/2009 ? 30/06/2010 2.5%
01/01/2009 ? 31/12/2009 3.5%
An example result would be:
PERIOD 01/07/2009 ? 30/06/2010
PREMIUMBASE $1,000.00 (manually entered)
INSTALMENT $25.00 (provided from VLOOKUP table)
The current formula, which is working well, is:
=(PREMIUMBASE1)*VLOOKUP(PERIOD1,INSTALMENT,2)
What I would now like to do is add a fourth cell Named FEE
This cell would consist of a simple YES/NO drop down list.
If YES is chosen in this fourth cell the formula will return the given percentage as per the example above.
If No is chosen in this fourth cell the formula will return $0.00 in INSTALMENT
How can I get this to work correctly as I am at a loss to work it out!!
Any help will be most appreciated.
Regards
Ianmax49
