compounded annual growth rate

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11 December 2008 what is compounded annual growth rate?
Can any one pls give its formula.

12 December 2008 CAGR. The year over year growth rate applied to an investment or other part of a company's activities over a multiple-year period. The formula for calculating CAGR is (Current Value/Base Value)^(1/# of years) - 1.




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