I would expect the formula is calculating Compound Average Growth Rate. If so,
L13 would be the earnings, F13 is the amount invested, and 0.1666667 is the term
(ie, 1/6 of a year or two months).

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Regards,
Fred


"Donovan" wrote in
message ...

Can anyone explain how the formula works and what the ^ means in this
formula.


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Donovan
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