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Which function to use to equate to an Excel CAGR formula as there is no in build compound annual growth rate function.
In this example we have the sales figures for a five year period, and what we want to know is what constant growth rate, results in the sales figure going from about 8700 to 18700. We would like to us the Excel CAGR formula.
We can use the RATE function to find this out, so
It is always useful to prove your calculations, so what we want to see is whether our interest rate grows steadily to the end amount, so what we can say is
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The date format of MMDDYYYY is a potential problem for many people the world round. The main reason for this is that most people don’t understand how Excel handles dates. But first the background. Who uses MMDDYYYY Per Wikipedia the … Continue reading
The recent Marks & Spencer spreadsheet blunder will inevitably lead to more questions about the use of spreadsheets. In this podcast from the Financial Times, Lisa Pollack reports on the latest attempts to make spreadsheets more formal and professional. Listen to the … Continue reading
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