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#1
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Compounding a percentage
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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#2
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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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#3
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Compounding a percentage
Thank you Art, if I am understanding you correctly - 3.5% (1.035) compounded
over 4 years would be 1.147 or 14.7%? I want to compound the percentage first before applying it to the value. "Art" wrote: 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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#4
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Compounding a percentage
That would be correct -- 14.7523% to a few more places.
"Danielle" wrote: Thank you Art, if I am understanding you correctly - 3.5% (1.035) compounded over 4 years would be 1.147 or 14.7%? I want to compound the percentage first before applying it to the value. "Art" wrote: 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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