Is the 2% constant? ie does the interest rate increase by 2% of 5% each year.

Or, is it compound, ie is teh interest rate in year n 2% higher than the
rate in year n-1?


"bosley_4" wrote:

I'm using an FV function to calculate returns over a period. I now require
to increase percentage growth rate by the Retail Price Index year on year
(i.e. Year 1 - 5%, Year 2 - 5% + 2% of 5% etc..) Anyone with a solution?