Google Sheets | POWER | Function | Calculate CAGR Easily | How To | Example | Tutorial | Spreadsheet скачать в хорошем качестве

Google Sheets | POWER | Function | Calculate CAGR Easily | How To | Example | Tutorial | Spreadsheet

The Google Sheets POWER function makes it relatively easier to calculate the CAGR (Compound Annual Growth Rate) of an investment. First, let's take a look at the CAGR formula: =(Final amount/Initial amount)1/t-1 In the formula, t stands for the number of years of Investment. Note that 1/t is raised to the power of the number that is the result of dividing the final amount by initial amount. ************************************* How to Use XLOOKUP to Extract Multiple Values in Google Sheets? XLOOKUP is a superb function to extract data or assign values:    • Google Sheets | XLOOKUP | Function | Extra...   ************************************* ------------------------------------- How to Use VLOOKUP in Google Sheets? Use VLOOKUP to extract a single value:    • VLOOKUP Google Sheets | How to Use VLOOKUP...   ------------------------------------- How to Create a Pivot Table in Google Sheets? Create a pivot table for calculation and in-depth data analysis:    • Google Sheets | Pivot Table | How to Creat...   ------------------------------------- How to Use Convert to Table in Google Sheets? Convert a data range into a table easily:    • Google Sheets | Convert to Table | Change ...   ------------------------------------- How to Use SCAN in Google Sheets? It's easy to calculate running total, running count and the like with SCAN:    • Google Sheets | SCAN | Function | Calculat...   ------------------------------------- How to Use FREQUENCY in Google Sheets? FREQUENCY returns the frequency distribution of data:    • Google Sheets | FREQUENCY | Function | Cou...   ------------------------------------- How to Use COUNTIFS in Google Sheets? Count values that fulfill one or more criteria:    • How to use COUNTIFS in Google Sheets | COU...   ------------------------------------- In Google Sheets, one of the ways to calculate the CAGR is to directly use the formula. To raise a number to any power, use the caret(^) operator. Here is the CAGR formula, using this operator. Assume that the initial amount is Rs. 5000 and final amount is Rs. 8600 and t (no. of years) is 2. Pre-format the cell in which the formula is entered to display the value in percent: =(8600/5000)^(1/2)-1 This formula returns 31.15%. Now, before we use the POWER function to calculate the CAGR, let's take a look at its syntax: =POWER(base, exponent) base is the number, which is raised to the power of exponent. exponent is the number to which the base is raised. Let's plug in the same values as in the example above in the POWER function formula. =POWER(8600/5000, 1/2)-1 This formula also returns 31.15%. The benefit of using POWER function to calculate CAGR is the simplicity of the formula. You do not have to use the caret(^) operator and also be not concerned about the parenthetical precedence for the order of operations, which means fewer parenthesis. Take a look at this video tutorial, which gives the steps to use the Google Sheets POWER function to calculate the CAGR of an investment, with real-world examples. ------------------------------------------------------------------------------------------------------------ Money bag image licensed from ClipArt Library, SoftKey International Inc. ------------------------------------------------------------------------------------------------------------