Now, we need to calculate the balance after 2 years. To do that, we will use the ‘End of Year 1’ balance i.e $105 to calculate the compound interest at the same interest rate. This can be done by copying the same formula down to cells B3, B4, B5, etc. Drag the Fill handle ...
To calculate the CAGR in Excel, you need three essential pieces of information: the beginning value of the investment, the ending value, and the number of periods (typically years). The CAGR formula allows you to determine the mean annual growth rate of an investment, which is particularly us...