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Calculating Compounded Growth Rates
Is it possible to calculate a compounded growth rate using a begining
value, ending value, and number of intervals? For example, 2005 Population = 24635 2010 Population = 30159 Inverals = 5 The annual rate (5 intervals) = 4.11% =(30159 / 24635) ^ (1 / 5) - 1 Is there a function that can calucate the 4.11 % ? =rate(5, 0, -24635, 30159) (4.13%, by the way.) |
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