Excel Formula - IF & "X" > 0

Question

I have a formula that I'm using in Excel to determine what the payback of a value is after "X" of months. But I'd like to modify the formula to display 0 or $0.00 if the result of the formula is less than $0.00

The current formula is =C2-(C2*(G2/24))

But is there a way I can make this so once the value hits 0 or less than 0, it would simply display $0.00

Thanks,

Answer 1

You can use something like:

=IF(C2-(C2*(G2/24))>0,C2-(C2*(G2/24)),0)

to return a 0 result if the result would have otherwise been negative.

Answer 2

For readability's sake you could also use:

=MAX(C2-(C2*(G2/24)),0)

That presents Excel with two options, the result of the formula or zero, and asks it to display the larger of the two.