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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

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