Let us apply the formula now. CAGR = {(Future Value / Investment Value) ^ (1 / n)} - 1 Hence CAGR = {(19,000 / 10,000) ^ (1 / 5)} - 1 That means, we first calculate the 5th root of 1.90 = 1.1369 ...
You can calculate the future value of the SIP investment using the internal rate of return (IRR) formula. Such calculators are available free and you can also make these calculations in excel ...
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