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    Finance: Compound growth rate.

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    What is the growth rate formula for a balance sheet:

    Assets: 2006 2007 2008 2009 2010

    Cash 143,388 556,956 698905 803362 596 470

    Please use excel to solve problem and explain the growth rate formula.

    © BrainMass Inc. brainmass.com April 3, 2020, 9:34 pm ad1c9bdddf
    https://brainmass.com/business/finance/finance-determining-compound-growth-rate-389581

    Solution Summary

    The problem deals with estimating the compound growth rate from provided information.

    $2.19

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