Average annual GROWTH

B

BA

Can anyone tell me how i would calcualte the average annual growth if i have
9 as the number of periods PV= 935,686 FV= 7,494,992.
the answer is 1.297045258
 
D

Duke Carey

Sounds suspiciously like homework.

Avg annual growth rate = ((FV/PV) ^ (1/# periods)) -1

format as a percent
 
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