Hi,

=SUM(B8*12*1.03^{0,1,2,3,4})

where B8 contains the initial payment size.

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Cheers,
Shane Devenshire


"JSC" wrote:

example: I'm paying $1000 a month today. The amount increases by 3% each
year. I pay for 5 years. How much am i paying in total? is there a formula
to calculate this?