Compounding a percentage

[Guest]

I need help compounding a percentage rate. We have data that we want to age
by compounding 3.5% over 4 years. Any guidance on the formula to find the
compounded percentage rate, that I could then apply to my data set, would be
greatly appreciated.

 

[Guest]

Danielle,

Suppose your value is in cell A1. The compounded value of it will be:
A1*1.035^4.

 

[Guest]

Thank you Art, if I am understanding you correctly - 3.5% (1.035) compounded
over 4 years would be 1.147 or 14.7%? I want to compound the percentage
first before applying it to the value.

 

[Guest]

That would be correct -- 14.7523% to a few more places.