The price in cell B1 must be divided accurately into 5 similar payments.
When simply dividing the price $48.04 by 5 and rounding the result to two decimal places, we get individual payments of $9.61.
However, this would add up to a total payment of $48.05, which is not the exact amount we started with.
Therefore, we want to calculate 5 similar numbers that add up to the total amount.
Calculate the first payment by dividing the price by 5 and rounding the result.
Use the ROUND function in the following formula:
Calculate each remaining payment.
Use the ROUND, SUM, and ROW functions in the following formula:
Screenshot // Dividing an Amount into Equal Payments While Avoiding Division / Rounding Errors
The applications/code on this site are distributed as is and without warranties or liability. In no event shall the owner of the copyrights, or the authors of the applications/code be liable for any loss of profit, any problems or any damage resulting from the use or evaluation of the applications/code.