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Is there a way to set monthly deductions on a value?

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This is for personal budget and savings within an excel sheet.

Say I have a loan of £1000, I will be paying £10 per month as of 7th December 2019 until the amount is paid off.

I would like to have a summary page on my sheet displaying the current outstanding debt. Currently I can only seem to work out how to deduct the £10 if date greater than/ equal to 7th. Which is not useful as each month after the 7th it'll display £990.


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