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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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Excel not recognising formula Occasionally when you are working with files (typically involving imported data) it appears as if Excel is not recognising the formula as a formula. Instead of seeing the answer, you see the actual formula. Below is a … Continue reading
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...After eleven years we still use the model for financial planning and to provide information to the banks. The key feature is the logical layout which makes it easy to understand and adapt on our own, and the flexibility to combine actual and forecast data...– Financial Model development- SA Prisons