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.
Well elaborated excel sheet attached as response.