Compounding a percentage
Danielle,
Suppose your value is in cell A1. The compounded value of it will be:
A1*1.035^4.
"Danielle" wrote:
I need help compounding a percentage rate. We have data that we want to age
by compounding 3.5% over 4 years. Any guidance on the formula to find the
compounded percentage rate, that I could then apply to my data set, would be
greatly appreciated.
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