John has invested 1,00,000 for 5 Years andwhere annual growth rate is 14.87 %.
- FA = SA * (CAGR / 100 + 1) n
- CAGR = 14.87
- SA (Starting Amount) = 1,00,000
- n (Period) = 5 Year
Reverse CAGR Calculation Steps
- FA = SA * (CAGR / 100 + 1) n
- FA = 1,00,000 * (14.87 / 100 + 1) 5
- FA = 1,00,000 * (0.1487 + 1) 5
- FA = 1,00,000 * 1.1487 5
- FA = 1,00,000 * 2.00
- FA = 2,00,000