Stephen_IV
Well-known Member
- Joined
- Mar 17, 2003
- Messages
- 1,177
- Office Version
- 365
- 2019
- Platform
- Windows
Good morning,
I am trying to figure out a shorter formula for figuring out what a 2% increase a year would be for the first 4 years and then a 1.5% increase for the final year. I have a value in A1 i.e. 73688 in C1 I have a value from 1 to 5 telling me what the salary increase would be for that year. Thanks in advance.
Based on the salary in A1: i.e. 73688 the following year values is what I would be looking for.
75161.76
76665.00
78198.30
79762.26
80958.69
I am trying to figure out a shorter formula for figuring out what a 2% increase a year would be for the first 4 years and then a 1.5% increase for the final year. I have a value in A1 i.e. 73688 in C1 I have a value from 1 to 5 telling me what the salary increase would be for that year. Thanks in advance.
Based on the salary in A1: i.e. 73688 the following year values is what I would be looking for.
75161.76
76665.00
78198.30
79762.26
80958.69
Code:
=IF(C1=1,A1+(A1*2%),IF(C1=2,(A1+(A1*2%)+2%*(A1+(A1*2%))),IF(C1=3,(A1+(A1*2%)+2%*(A1+(A1*2%))+(2%*(A1+(A1*2%)+2%*(A1+(A1*2%))))),IF(C1=4,(A1+(A1*2%)+2%*(A1+(A1*2%))+(2%*(A1+(A1*2%)+2%*(A1+(A1*2%))))+(2%*(A1+(A1*2%)+2%*(A1+(A1*2%))+(2%*(A1+(A1*2%)+2%*(A1+(A1*2%))))))),IF(C1=5,(A1+(A1*2%)+2%*(A1+(A1*2%))+(2%*(A1+(A1*2%)+2%*(A1+(A1*2%))))+(2%*(A1+(A1*2%)+2%*(A1+(A1*2%))+(2%*(A1+(A1*2%)+2%*(A1+(A1*2%))))))+(1.5%*(A1+(A1*2%)+2%*(A1+(A1*2%))+(2%*(A1+(A1*2%)+2%*(A1+(A1*2%))))+(2%*(A1+(A1*2%)+2%*(A1+(A1*2%))+(2%*(A1+(A1*2%)+2%*(A1+(A1*2%))))))))))))))