Formula for converting monthly % increase to annual % increase

Tymbo3003

New Member
Joined
Dec 17, 2015
Messages
7
So in column A1 I have an average monthly net worth increase of the past 12 months listed as a percent -- 1%

In column B1, I'd like to insert a formula that calculates the annual net worth increase rate as a percent based on A1, assuming a net worth constantly grows at 1% each month for 12 months.

I had a bit of trouble find the answer to this via Google, so thought I'd try the experts.

Thanks in advance.
 

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steve the fish

Well-known Member
Joined
Oct 20, 2009
Messages
8,245
Office Version
  1. 365
Platform
  1. Windows
Theres probably a native function but the calculation is fairly simple:

=1.01^12-1

Format to percentage.
 

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