Hi, I wonder if anyone can help with this.
Assuming I had been paying £25 per month into a plan for ten years (say
£3,000 in premiums in total) and the value at year ten is say £5,000 ho
w would I work out the annualised growth rate ?
This is pretty easy to work out if it was just a single premium paid at the
outset. It is also easy to project forward. However, as monthly premiums e
ach have their own separate timeline, is there a formula that would give an
approximate answer to such a question ?
I think the EXCEL rate function may work, but I'm looking for an actual mat
Any ideas ?
- posted 7 years ago