Power Compound
i need help solving this compound annual growth rate equation?
okay i have an interview monday for an office position in an investment firm. I learned the basics but i just cant figure out this equation! The website said i can figure it out with excel or scientific calculator can someone please advise!!I prefer to learn how to do my hand without a calc.
The 0.2 is actually 0.2 as an exponent(to the .02 power)
Compound Annual Growth Rate = 1.23 (0.2) – 1 =
0.04227 (Answer)
Therefore, the compound annual growth rate is equal to 4.2%
I
you could take the log of 1.23 multiply by .2 , then antilog
you could do this with a sliderule.
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