What is Compound Annual Growth Rate (CAGR)?
The constant annual rate that links a beginning and ending value over n years: (Ending / Beginning) to the 1/n power, minus 1.
Where you will use it: this term comes up in the Entrepreneurial Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Entrepreneurial Finance course by Devon Coombs, CPA, MBA.