Simple question, I think.
Suppose clients fee was £650 20 years ago, and practice inflation is 4%.
My naive assumption was this was 650*0.04^20 in excel. But its seems not, as I get 7.146825580544E-26 - oops!
Sure I can do it the long way over 20 rows and 2 columns and arrive at £1,369, but there must be a more elegant way.