Business Analytics
Business Analytics
3rd Edition
ISBN: 9780135231715
Author: Evans
Publisher: PEARSON
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Chapter A1, Problem 3PE

A new graduate has taken a job with an annual salary of $ 60 , 000. She expects her salary to go up by 2.5 % each year for the first five years. Her starting salary is stored in cell A4 of an Excel worksheet, and the salary increase rate is stored in cell B4 . Construct a table with years 1 through 5 in cells A6:A10 and her salary in cells B6:B 10 . Write the formula for her salary in year in cell B7 that can be copied and pasted correctly in cells B8 through B10 .

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