Subtraction Formula

nicole.turner

Hi folks,

I have a Debt total in a cell on my budget spreadsheet (e.g. 7000); I have a row of payments by month (e.g. 160). I want to subtract each new cell of payment of 160 from the total cell of 7000. I want to visibly see the reduction on the 7000 debt cell when each new month of payment is added. Is there a formula for this?

Thanks

Dale Murphy

@nicole.turner Do you want to (continue to) see the original $7,000 somewhere? Or will it be gone once payments start? Is the $160 the monthly payment, meaning it will appear on subsequent rows? Something like this?

Is that the presentation you want?

dm

nicole.turner

Yes, that's exactly it! How?! :-D

DHarris

Create your sheet using above?

In the "Outstanding" column, use this formula and you should be good to go.

=Original1 - SUM(Original4:Original8) -- put this in the column/row where you want the results to appear.

Original1 = the the column/row showing original amount owned ( I assume) $7000

Original4 = the column/row where the first payment is recorded

Original8 = the column/row where the last recorded payment is made

Hopefully that helps you to understand and also gets you going along.