Projected price Inflation | ||||
Date | Rate | |||
1/1/2019 | 5% | |||
1/1/2020 | 5.5% | |||
1/1/2021 | 6% | |||
1/1/2022 | 6.5% | |||
Price amount by unit | ||||
Date | Amount | Desired result | ||
1/1/2019 | 1,000 | 1000 x 5% | ||
1/1/2020 | 1,200 | 1,200 x 5.5 | ||
1/1/2021 | 1,500 | |||
1/1/2022 | 2,000 | |||
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I want to multiple the price amount by the projected estimated rate for each year. example if the date is greater than January 1, 2019 multiply 1,000 by 5% if the date is greater than January 2020 to multiply 1,200 by 5.5% etc. Which Excel function is the best to do this kind of calculation for large amount of data like this.
Thank you very much for your help and time.