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New number divided by old number minus one. Example: year one sales were 200, year two sales were 300. Year two's growth over year one is 300/200-1, which equals .5, or expressed as a percentage, 50%. yt=y0(1+g)t

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15y ago
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12y ago

y=kx

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Q: What is the formula for calculating constant-growth model using excel?
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