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#1
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What is the formula to get projected growth
I am trying to get the formula for projected growth
example I have a 1 TB hard drive that currently has 500gb in use. The growth rate is 10% per year. How much data will reside on the drive after 3 years and 5 years. I looked at using the =fv formula but the answer did not come out correctly =fv(10,3,,-500) results = 665,500.00 s/b 665.50 =fv(10,5,,-500) results = 80.525,500.00 s/ 805.255 I am not sure if I am using the right formula Help is greatly appreciated Bret Snipes |
#2
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What is the formula to get projected growth
In A1 put 500
In A2 put =a1*1.1 and copy down to see: 500 550 605 665.5 732.05 805.255 885.7805 974.35855 1071.794405 1178.973846 1296.87123 1426.558353 1569.214188 1726.135607 1898.749168 2088.624085 2297.486493 2527.235142 2779.958657 3057.954522 So in three years - 666 so in five years - 805 -- Gary''s Student - gsnu200811 "Bret Snipes" wrote: I am trying to get the formula for projected growth example I have a 1 TB hard drive that currently has 500gb in use. The growth rate is 10% per year. How much data will reside on the drive after 3 years and 5 years. I looked at using the =fv formula but the answer did not come out correctly =fv(10,3,,-500) results = 665,500.00 s/b 665.50 =fv(10,5,,-500) results = 80.525,500.00 s/ 805.255 I am not sure if I am using the right formula Help is greatly appreciated Bret Snipes |
#3
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What is the formula to get projected growth
You have a problem with where the decimal should be
=FV(0.1,3,,-500) and =FV(0.1,5,,-500) Please note ..1 = 10% you are using 10 = 1,000% -- Wag more, bark less "Bret Snipes" wrote: I am trying to get the formula for projected growth example I have a 1 TB hard drive that currently has 500gb in use. The growth rate is 10% per year. How much data will reside on the drive after 3 years and 5 years. I looked at using the =fv formula but the answer did not come out correctly =fv(10,3,,-500) results = 665,500.00 s/b 665.50 =fv(10,5,,-500) results = 80.525,500.00 s/ 805.255 I am not sure if I am using the right formula Help is greatly appreciated Bret Snipes |
#4
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What is the formula to get projected growth
you are right.
Thanks "Brad" wrote: You have a problem with where the decimal should be =FV(0.1,3,,-500) and =FV(0.1,5,,-500) Please note .1 = 10% you are using 10 = 1,000% -- Wag more, bark less "Bret Snipes" wrote: I am trying to get the formula for projected growth example I have a 1 TB hard drive that currently has 500gb in use. The growth rate is 10% per year. How much data will reside on the drive after 3 years and 5 years. I looked at using the =fv formula but the answer did not come out correctly =fv(10,3,,-500) results = 665,500.00 s/b 665.50 =fv(10,5,,-500) results = 80.525,500.00 s/ 805.255 I am not sure if I am using the right formula Help is greatly appreciated Bret Snipes |
#5
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What is the formula to get projected growth
Glad to help!
-- Wag more, bark less "Bret Snipes" wrote: you are right. Thanks "Brad" wrote: You have a problem with where the decimal should be =FV(0.1,3,,-500) and =FV(0.1,5,,-500) Please note .1 = 10% you are using 10 = 1,000% -- Wag more, bark less "Bret Snipes" wrote: I am trying to get the formula for projected growth example I have a 1 TB hard drive that currently has 500gb in use. The growth rate is 10% per year. How much data will reside on the drive after 3 years and 5 years. I looked at using the =fv formula but the answer did not come out correctly =fv(10,3,,-500) results = 665,500.00 s/b 665.50 =fv(10,5,,-500) results = 80.525,500.00 s/ 805.255 I am not sure if I am using the right formula Help is greatly appreciated Bret Snipes |
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