Hi,
Can someone help with below requirement?
Initial rent - $100,000 per year
Increment after every 3 year - 5% on the current rent (i.e. 1st increment is $100,000*1.05 = $105,000; 2nd increment is $105,000*1.05 = $110,250 and so on)
Number of years 10
How can I get total rent amount by the 10th year which is $ 1,061,513 applying a single formula?
Thanks,
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