It may be helpful to calculate an annual rate of growth of a salary to determine the average annual increase from one point in time to another. Calculating an annual rate of growth for your salary ...

pixdeluxe / Getty Images The compound annual growth rate ... best formula for evaluating how different investments perform over time. It helps fix the limitations of the arithmetic average ...

You'll also find out why you should prioritize CAGR over average returns when assessing an asset's growth history. Image source: Getty Images. CAGR is the smoothed-out annual growth rate required ...