Question: please how how to solve using excel/excel functions only. a township expects its population of 5,000 to grow annually at a rate of 5 percent.

please how how to solve using excel/excel functions only.

a township expects its population of 5,000 to grow annually at a rate of 5 percent. the township currently spends $300 per inhabitant but, as a result of inflation and wage increments, expects the per capital expenditure to grow annually by 7 percent. how much will the townships budget be after 10, 15, 20 years?

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