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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
Accounting for dummies There are many users of Excel who need to read, interpret and analyse financial statements. But, without a solid accounting knowledge, accounting jargon sounds threatening and balance sheets and income statements can be intimidating. You may feel … Continue reading
Pivot table not pulling all data Pivot tables are great tools but due to the lack of understanding of how they work we are often told that the pivot table is not pulling all the data. There could be a … Continue reading
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