Hi all,
I’m working on figuring out how to accurately show a compound annual growth rate. Using the power function gets me close but I can’t seem to reflect a full percentage. Here’s an example:
POWER(TTM/2014,1/5)-1
That works for raising calculating 1/100th of the accurate annual percentage growth over 5 years. Any thoughts on how to raise it to be a fully accurate percentage?
Thanks!