A future value calculator online which is available on various websites helps to figure out if the value of their savings would be adequate to meet their liabilities arising after a few years.

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 ...