Directions: Add a column which contains the minimum wage in constant 2019 dollars.

QUESTION: How do I find the answer using excel? is there a formula?

US Minimum Wage Rates 1936-Present [Rates are those that were in effect at the end of each year. The minimum wage was instituted under the Fair Labor Standards Act in 1938. Ammendments in 1961 and 1966 extended coverage to more workers] Year Wage CPI 1.9.38 $0.25. 14-1 1939 $0.30 13.9 1940 $0.30 14.0 1941 _ $0.30 14.7 1942 $9.30. 16.3 1943 $0.30 17.3 1944 $0.30 17.9 1945 $0.40 19.0 1949 $0.40 19.5 1947 $0.40 22.3 1949 $0.40 24.1 1949 $0.40 23.9 1.950 $07.5 24.1 1951 $0.75. 29.0 1952 $0.75 29.5 1953 $0.75 29.7 1.954 $0.75. 26-9 1955 $0.75 29.9 1959 $1.00 27.2 1957 . $1.00 29.1 11959 $1.00 29.9 1959 $1.00 29.1 1990 $1.00 29.9 1991 $1.15 29.9 1992 $1.15 30.2 1993 $1.25_ 30.9 1994 $1.25 31.0 1995 $1.25 31.5 1999 $11.25 32.4 1997 $1.40 33.4 1999 $1.90 34.9 1999 $1.90 39.7 1.97.9 $190.. 38-8 1971 $1.90 40.5 1972 $1.90 41.9 1973 _ $1.90 44.4 19.74 $2.00. 49.3 1975 $2.10 53.9 1979 $2.30 59.9 1977 $2.30 90.9 1979 $21.95 95.2 1979 $2.90 72.9 1990 $3.10 92.4 1991 $3.35 90.9 1.992 $3.35 96-5