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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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We recently held our first Meetup group for South Africa. If you don’t know what Meetup is, it is a site to arrange ‘meetups’ for like minded people. In this case it is for everyone who loves all things Excel and … Continue reading
Everyone loves that way Excel can second guess what you mean when you type something into a cell and it (correctly) changes the format. Type 2 Sept and it will automatically format it as a date. But there are some … Continue reading
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