Write an application that computes a business's potential profits each year for 20 years using the //following assumptions: 1 - Expenses in the first year are expected to be $35,000 2 - Gross profit in the first year is projected to be $20,000 3 - Net profit or loss is gross profit minus expenses 4 - Gross profits are expected to increase 10% each year 5 - Expenses are expected to increase 4% each year Display the year, the gross profit, the expenses, and the net profit for each year.
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
I need help doing the following program.
Write an application that computes a business's potential profits each year for 20 years using the //following assumptions:
1 - Expenses in the first year are expected to be $35,000
2 - Gross profit in the first year is projected to be $20,000
3 - Net profit or loss is gross profit minus expenses
4 - Gross profits are expected to increase 10% each year
5 - Expenses are expected to increase 4% each year
Display the year, the gross profit, the expenses, and the net profit for each year.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images
