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Compound Growth Rate and ^

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1richrich1 Compound Growth Rate and ^ 01-13-2005, 02:32 PM
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    Compound Growth Rate and ^

    A few months ago, I got the help of this forum to obtain the formula for compound growth rate. The formula I was given was something like this:

    =sum(present earnings/starting earnings)^(1/#years)-1

    That has worked in excel, but now I am attempting to move this formula from excel to a web program and I don't know what ^ does. The help section sez that ^ is *, but that doesn't work. Can anyone help me with ^? In excel the formula of
    =sum(1.88/.29)^(1/9)-1 = 23.1 . How would I get the same answer in a regular math formula?

    Thanks Rich Hill
    Last edited by 1richrich1; 01-13-2005 at 02:41 PM.

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