That's actually a really good point. The definition of CAGR assums reinvestment of any interest over time only to simplify the formula. But the calculation does not require a yield. The 1/n in this equation is the compounding mechanism.

That's actually a really good point. The definition of CAGR assums reinvestment of any interest over time only to simplify the formula. But the calculation does not require a yield. The 1/n in this equation is the compounding mechanism.

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