excel formula question

[crookedsoul108]

I am trying to create a formula where I have a yearly cost and I want to add
inflation adjustment each year over around 20 years and find the total cost
for 20 years. Anyone know how to do that? Thank you.

 

[Mike H]

Try

=1000*(1+3%)^20

Where
1000 is the present value
3% = inflation
term 20 yrs

Mike