Need a excel sum formula? ?

Q: A simple example is that a house is worth 508,000 US dls and is being increase .003 percent how do I make that formula in excel to give me 581,740? With a calculator you enter the amount times the 1.003 and it gives me the answer. Thanks.

A: do the same in excel either type in =508000*1.003 or if you have 508000 in cell A1 then in cell B1 (or where ever) type in =A1*1.003

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