A CAGR Calculator is a tool that calculates the Compound Annual Growth Rate (CAGR) - a measure that shows the mean annual growth rate of an investment or business metric over a specified period of time, assuming the growth happens at a steady rate each year.
CAGR smooths out volatility and gives you a single percentage that represents how much something has grown annually on average. It's particularly useful for comparing investments or understanding business growth over time.
Comparing returns from different investments
Evaluating business revenue or profit growth
Analyzing mutual fund performance
Understanding population growth or economic indicators