amount financed formula
Total Selling Price is $ 15,340. down Payment is $ 1000. Amount Finance is = 15340 minus 1000= 14,340. In excel, the formula =cell 1( selling price)-cell2(downpayment) Most likely, the cells you were using were formatted as %. Try to format the cells as numbers, especially the cell(downpayment) and the cell of answer.