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  Question Asked By: Lourdes Edwards   on Feb 28 In MS Office Category.

  
Question Answered By: Jake Williams   on Feb 28

Depending on what accuracy you want the answer to be in, you can
calculate the contract time in either days or months. Let's start with
days:

'Date format = mm/dd/yyyy
'Excel will use Julian date format for calculations

Contract_End_Time = 8/31/2007
Contract_Start_Time = 10/01/2005
Contract_Value_Total = 36000

Contract_Length = Contract_End_Time - Contract_Start_Time

Contract_Value_per_Day = Contract_Value_Total / Contract_Length

Monthly_Budget = Contract_Value_per_Day * 30 '(Here you may have to get
elegant if required, to work on different days in a month)

-------------------------
If you want to work on a monthly basis (my preference), change the last
line of logic to the following:

Contract_Value_per_Month = Contract_Value_Total / Contract_Length *
365.25 / 12 '(365 days per year, adjusted to include leap years, and 12
months in a year)


To see whether a month in your budget year  falls within the contract
period, use an IF statement as follows:

IF(Evaluated_Month > Contract_Start_Time) AND IF(Evaluated_Month <
Contract_End_Time)
THEN
Do all the maths
ELSE ZERO.

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