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Financial Management

Hi, Could you help me with this assignment ? Thanks

Expand your one year departmental budget to a five year plan with the following assumptions:

1. Starting with year two, increase all personnel related line items by 2% per year through year five.
2. Starting with year two, assume a 5% increase in all other line items through year five.
3. Use Excel and it's formula capability to build this expanded budget.


Solution Summary

Well elaborated excel sheet attached as response.