Yes, you can use an increasing payment in a future value formula in Excel 2002.

The formula you would use is called the FV function, which calculates the future value of an investment based on a series of regular payments and a constant interest rate.

To include an increasing payment in the formula, you can use the PMT function to calculate the payment for each period.

Here's an example of how to use the FV function with an increasing payment:

1. In a new Excel worksheet, enter the initial investment amount in cell A1, the interest rate in cell A2, and the number of periods in cell A3.
2. In cell A4, enter the formula =PMT(A2,A3,-1,1), which calculates the payment for each period based on the interest rate and number of periods.
3. In cell A5, enter the formula =FV(A2,A3,A4,-A1), which calculates the future value of the investment based on the interest rate, number of periods, payment amount, and initial investment.
4. To include an increasing payment, you can adjust the PMT formula to include an additional argument for the rate of increase. For example, if you want the payment to increase by 5% each period, you can use the formula =PMT(A2,A3,-1,1,0.05).
5. Once you have adjusted the PMT formula, you can use the same FV formula as before to calculate the future value of the investment with the increasing payment.

Remember to adjust the formulas as needed for your specific investment scenario, and to double-check your inputs and calculations to ensure accuracy.