I need some help with a growth rate problem (bare with me, I'm bad with math...)
I'm trying to figure out how to calculate something...
In year 1, say I have $1916.4612
In year 6, I have $2448.1061
I have a calculated a CAGR of 4.16%
So, if I want to estimate the amount for year 7... can I just take $2448.1061 x 4.16% to get $2550.0690? I'm not sure if that's right...