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1 3 . Elena also needs to calculate expenses for payroll and rent for Years 2 5 . She knows the starting amount for each
Elena also needs to calculate expenses for payroll and rent for Years She knows the starting amount for each expense, and estimates the rent in Year will be $ She expects the payroll expenses to increase by at least percent per year and the rent to increase by a constant rate. Project the expenses for Payroll in Years cells C:F using a Growth Trend extrapolation. Use a percent increase as the step value. Project the expenses for Rent in Years cells C:E using a Growth Trend interpolation.
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