Hello all,
I'm looking to create a formula that will decrease a percentage applied each year by a 2.5%. For example, to start or year 0, 50% is applied. In Year 1 this is reduced 2.5% to 47.5%, in year 2 there is a further reduction of 2.5% to 45%. This continues until the percentage applied reaches 25% (for 2.5% it happens to be 10 years, but at different percentages the number of years to reach 25% will change). Rather than manually type in the percentage applied for each year, I'd like to create a formula that will calculate the percentage for me.
Below is a snap shot of what my table needs to look like.
<colgroup><col width="84" style="width: 63pt; mso-width-source: userset; mso-width-alt: 3072;">
<col width="61" style="width: 46pt; mso-width-source: userset; mso-width-alt: 2230;" span="10">
<col width="65" style="width: 49pt; mso-width-source: userset; mso-width-alt: 2377;">
<tbody>
</tbody>
Many thanks!
I'm looking to create a formula that will decrease a percentage applied each year by a 2.5%. For example, to start or year 0, 50% is applied. In Year 1 this is reduced 2.5% to 47.5%, in year 2 there is a further reduction of 2.5% to 45%. This continues until the percentage applied reaches 25% (for 2.5% it happens to be 10 years, but at different percentages the number of years to reach 25% will change). Rather than manually type in the percentage applied for each year, I'd like to create a formula that will calculate the percentage for me.
Below is a snap shot of what my table needs to look like.
Year: | YEAR 0 | YEAR 1 | YEAR 2 | YEAR 3 | YEAR 4 | YEAR 5 | YEAR 6 | YEAR 7 | YEAR 8 | YEAR 9 | YEAR 10 |
Percentage: | 50.00% | 47.50% | 45.00% | 42.50% | 40.00% | 37.50% | 35.00% | 32.50% | 30.00% | 27.50% | 25.00% |
Many thanks!