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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
Excel not equal sign If you are using certain formula you may require the Excel not equal sign. In maths the symbol is an equal sign crossed out (≠) but this is not available in Excel. So for example you are … Continue reading
[h]:mm for Powerpivot A useful custom format capability in Excel is the [h]:mm:ss which allows you to see how many hours in total have elapsed between two dates by showing hours bigger than 24 (most time formats automatically change back … Continue reading
...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