I am trying to build a model that includes depleting assets.
The rates are in cells C3:I3 representing Year 1 to Year 7
I have annual values in cells C12:I12 with I12 representing year 7.
So in year 7, the formula I would want is (119,528 * 1%) + (90,768 * 2%) + (72,941 * 5%) + (42,809 * 10%) + (55,356 * 15%) + (49,037 * 20%) + (36,211 * 20%). I can enter it manually, but I was wondering if there are some formulas I could use to make this easier and to also be able to extend the values beyond year 7, but still have it multiply by the rates in C3:I3.
Any help would be appreciated.
The rates are in cells C3:I3 representing Year 1 to Year 7
1.0% | 2.0% | 5.0% | 10.0% | 15.0% | 20.0% | 20.0% |
I have annual values in cells C12:I12 with I12 representing year 7.
36,211 | 49,037 | 55,356 | 42,809 | 72,941 | 90,768 | 119,528 |
So in year 7, the formula I would want is (119,528 * 1%) + (90,768 * 2%) + (72,941 * 5%) + (42,809 * 10%) + (55,356 * 15%) + (49,037 * 20%) + (36,211 * 20%). I can enter it manually, but I was wondering if there are some formulas I could use to make this easier and to also be able to extend the values beyond year 7, but still have it multiply by the rates in C3:I3.
Any help would be appreciated.