- Thread starter
- #1

Code:

```
YR RATE INTEREST BALANCE
0 1000.00
1 .03 30.00 1030.00
2 .033 33.99 1063.99
3 .0363 38.62 1102.61
4 .03993 44.03 1146.64
```

$1000.00 at rate 3% 1st year, then the rate increasing by .10 each year.

As example, year2 rate = .03 * 1.10 = .033

What is the formula to calculate the future value in such circumstances?