Question
My biggest question is how n was calculated. If I could see that worked out; I feel I would have a better understanding. Compound annual
My biggest question is how "n" was calculated. If I could see that worked out; I feel I would have a better understanding.
Compound annual growth rate = (Ending value / Beginning value) ^1/n-1
= (28,000,000 / 17,400,000) ^1/8-1
= 6.13%
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
