It's called basic arithmetic. If I want to have 3% more of something, I
need to have the whole somehthing, 1, and the 3% more, thus 1 plus 3%, that
is to say 1.03.

Did you go to school?

Tyro


"bronxbabe" wrote in message
...
THANK YOU VERY MUCH -- IT WORKED!!!

But, what does the "1" refer to?

THANK AGAIN!!!

"Gary''s Student" wrote:

=(1+.03)*D22
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Gary''s Student - gsnu200768