Compounded Rate
=(1+28.08%)^(1/n)
where n is the number of years to give 28.08%
--
David Biddulph
"GatorGirl" wrote in message
...
I need to have a formula which solves what the constant rate of increase
per
year was to obtain a figure.
I know the % increase from base yr to end yr was 28.08%. I now need to
know
what % (constant) was needed to increase each year to get to the end
figure.
Make sense?
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