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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.

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Solution Summary

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

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  • B. Sc., University of Nigeria
  • M. Sc., London South Bank University
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