The Compound Annual Growth Rate (CAGR) is the rate of return (RoR) for the geometric progression ratio from its beginning balance to its ending balance that provides a constant rate of return over the time period, assuming growth takes place at an exponentially compounded rate. A CARG is used to a business investment analysis (e.g., revenue, units delivered, registered users, etc.), and CAGR = (EV/BV)^1/n - 1 where, EV = the ending value, BV = the beginning value, n = the number of years
Related Definitions in the Project: The Economic Reviews; Project Management
