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Excel CAGR formula

Excel CAGR formula
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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.

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Excel CAGR formula

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

Handy Tips & Tricks

Link Excel to PowerPoint

Link Excel to PowerPoint (or Word) A common requirement in the business world is to link parts of an Excel file into PowerPoint (or Word) in such a way that when the Excel file is updated, the PowerPoint (or Word) … Continue reading

MIRR in financial models

MIRR in financial models MIRR in financial models is potentially a better way to determine the return on an investment than the typical IRR. It stands for the Modified Internal Rate of Return and its actual workings are better explained … Continue reading

AuditExcel (aka Miricle Solutions) provided the Sasol Chlor Vinyls financial team with professional excel training whilst fully understanding the accounting landscape which is highly recommend.

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