📈 Unlocking Investment Growth with CAGR 🗝️
CAGR, or Compound Annual Growth Rate, reveals the average yearly growth of an investment, like calculating your investment’s average speed over time. 🚗
Imagine investing \$1,000 that grows to \$1,500 over three years, despite market fluctuations. CAGR determines the average yearly growth needed to reach \$1,500.
Use CAGR to:
Compare different investments. 🆚
Estimate potential future value. 🔮
Remember: While CAGR provides valuable insights, past performance doesn’t guarantee future results. Consult a financial advisor for personalized advice. 🤝
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