Originally Posted by

**valerie142814** Hello!

> I need some help with a growth rate problem (bare with me, I'm bad with math...)

Should be "bear with me"!

Your math is not that bad...even pretty good...

> In year 1, say I have $1916.4612

> In year 6, I have $2448.1061

> I have a calculated a CAGR of 4.16%

> ((1916.4612/2448.1061)^(1/6))-1

Keerect! Well done.

> 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...

Yes...but the multiplication would be 2448.1061 * 1.0416 ; kapish?

As a matter of fact, that's how the 1916.4612 grew to 2448.1061:

1916.4612 * 1.0416 * 1.0416 * 1.0416 * 1.0416 * 1.0416 * 1.0416 = 2448.1061