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My problem - cost of an item for this year is 100 (say X). Cost increases every year by 8% (say Y%) due to inflation. I would like to know the summation of cost of item for 3 years (say N year).
i.e. Year 1 cost - 100, Year 2 cost - 108, Year 3 cost - 116.64, summation of cost of item for 3 years = 100 + 108 + 116.64 = 324.64
I would like the formula where X, Y and N mentioned above are parameterised?
Regards,
Mukund
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