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Hiding unused values using IFS

Another way to hide values that you are not using is to use an IFS() formula to check if there are any further balances which need to be shown.

There are 2 cases where you would want to hide a row:

  • The previous row is blank; it two or more periods after the final amortization period.
  • The previous row had a closing balance of zero; that is that the row immediately after the final amortization period.

When you check if the prior row is blank, check the value in column G. When you check against the previous closing balance, make sure to check if the balance is less than 0.01!

This exercise is part of the course

Loan Amortization in Google Sheets

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Exercise instructions

  • Correct the formulas in columns H, L and O to remove the value of X. This should be replaced by two quotation marks, no spaces ("").
  • Correct the check on the opening balance in columns H and L. Ten thousand dollars is not the correct value here!
  • Copy the formula from row 14 to 195.

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