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Always consult a qualified professional before acting on any information provided.",[1110,1112],{"_key":1096,"_type":188,"externalUrl":1111,"linkType":145},"\u002Ftnc\u002Fmaster-service-agreement",{"_key":1104,"_type":188,"externalUrl":1113,"linkType":145},"\u002Fpricing",{"body":1115,"eyebrow":528,"heading":1116,"image":1117,"link":1122},"Find out how Aspire can help you speed up your end-to-end finance processes from payments to expense management.","Supercharge your finance operations",{"_type":154,"alternativeText":1118,"height":1119,"url":1120,"width":1121},"A person working at a laptop with an open notebook beside them",1026,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fd84bbcbad1e6ba37331742538394d1b0\u002F69d5f2a347377654dbe286ac_blog-post-template-04-q70.webp",1048,{"_type":143,"externalUrl":1083,"label":1123,"linkType":145},"Talk to sales",[1125,1134,1145,1155],{"_id":1126,"category":1127,"coverImage":1128,"description":1131,"publishedAt":1132,"slug":1133,"title":1129},"blogPost-SG-6aa81a1539b471392a83d4cd",{"slug":591,"title":592},{"_type":154,"alternativeText":1129,"url":1130},"Aspire Launches Aspire Account-Opening Integration With Osome","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F4a31adfeaddefdf9b7f4ef5f566c00ad\u002F6aa81a1339b471392a83d438_Aspire-Osome.jpeg","Aspire and Osome partner to enable faster Business Account opening","2026-09-16T00:00:00.000Z","aspire-osome-account-opening-integration",{"_id":1135,"category":1136,"coverImage":1139,"description":1142,"publishedAt":1143,"slug":1144,"title":1140},"blogPost-SG-6a8c6a9a178cfe861275b350",{"slug":1137,"title":1138},"finance-tools","Finance Tools",{"_type":154,"alternativeText":1140,"url":1141},"Stripe payment processing for Singapore businesses: Setup, fees, and alternatives","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fcb6607760ee020276ebb5087fbf64245\u002F6a8c6a98178cfe861275b2fb_EXPENSE-MGMT-49.jpeg","Learn how Stripe works in Singapore, how to set it up, fees and payouts, accepted payment methods, and options for growing businesses.","2026-09-09T00:00:00.000Z","stripe-payment-processing-singapore-businesses",{"_id":1146,"category":1147,"coverImage":1150,"description":1153,"publishedAt":1143,"slug":1154,"title":1151},"blogPost-SG-6a95a525d8f437f2334d1202",{"slug":1148,"title":1149},"business-advice","Business Advice",{"_type":154,"alternativeText":1151,"url":1152},"Payroll outsourcing in Singapore: What founders need to know","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F4ab5f167b1dd7ea6df896c17cf95674e\u002F6a95a521d8f437f2334d113d_PAYMENTS-14.jpeg","Learn about payroll outsourcing, including costs, services, benefits, risks, and how to choose the right provider for your business in Singapore.","payroll-outsourcing-singapore-explained",{"_id":1156,"category":1157,"coverImage":1158,"description":1161,"publishedAt":1143,"slug":1162,"title":1159},"blogPost-SG-6a95a538fb9a05eaf4b9774c",{"slug":1148,"title":1149},{"_type":154,"alternativeText":1159,"url":1160},"Global payroll outsourcing: How it works for Singapore businesses in 2026","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fbe849a3e08f8d5d0a5bcbbffb5b2ba7b\u002F6a95a537fb9a05eaf4b97747_PAYMENTS-45.jpeg","Learn how global payroll outsourcing works for Singapore businesses, from local payroll requirements and compliance to EORs and choosing the right provider.","global-payroll-outsourcing",{"data":1164,"sourceMap":-1},{"_id":1165,"_updatedAt":1166,"alternates":1167,"areSourcesShown":152,"author":1169,"body":1179,"category":2187,"coverImage":2188,"excerpt":2191,"faq":246,"intro":2199,"isFaqShown":152,"isSummaryShown":152,"isVideoShown":152,"publishedAt":2234,"reviewer":246,"seo":2235,"slug":2237,"sources":246,"title":2189,"video":246},"blogPost-SG-664c1d3249347d8ce73f4693","2026-09-24T08:39:31Z",[1168],{"canonicalUrl":246,"isNoIndex":246,"language":246,"market":84,"pathPrefix":246},{"avatar":1170,"bio":1175,"doesServePage":141,"linkedinUrl":1176,"name":1171,"role":1177,"slug":1178,"twitterUrl":246},{"_type":154,"alternativeText":1171,"height":1172,"url":1173,"width":1174},"Aaron Oh",531,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fe9dd13f054f96ed8109919914ded7706\u002F656ee6448fe54a42218817dc_DSC_0048.jpg",413,"Aaron is a seasoned content writer specialising in finance, insurance and tech industries. With a writing history at S&P Global, EdgeProp, Indeed, Prudential, and others, Aaron leverages finance knowledge and business insights to help businesses improve productivity and performance.","https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Faaron-oh","Writer","aaron-oh",[1180,1189,1197,1205,1213,1221,1229,1237,1245,1260,1272,1284,1296,1308,1316,1325,1333,1351,1359,1367,1375,1383,1391,1399,1407,1415,1423,1431,1439,1447,1455,1474,1482,1501,1509,1517,1525,1533,1541,1549,1557,1565,1573,1581,1589,1597,1605,1624,1632,1640,1648,1667,1675,1885,1893,1901,2065,2073,2103,2111,2126,2134,2142,2150,2168],{"_key":1181,"_type":170,"children":1182,"markDefs":1187,"style":1188},"k2",[1183],{"_key":1184,"_type":174,"marks":1185,"text":1186},"k1",[],"What is CAGR and why is it important?",[],"h2",{"_key":1190,"_type":170,"children":1191,"markDefs":1196,"style":190},"k5",[1192],{"_key":1193,"_type":174,"marks":1194,"text":1195},"k4",[],"CAGR stands for Compound Annual Growth Rate. It shows you how fast an investment has grown each year over a certain time. Think of CAGR as the path your investment takes from start to finish, ignoring all the bumps along the way. CAGR or compounded annual growth rate smoothens out volatility to present a clear picture of investment growth over time.",[],{"_key":1198,"_type":170,"children":1199,"markDefs":1204,"style":190},"k8",[1200],{"_key":1201,"_type":174,"marks":1202,"text":1203},"k7",[],"This makes it useful because it tells you one steady rate of growth, even if the actual yearly growth was up and down.",[],{"_key":1206,"_type":170,"children":1207,"markDefs":1212,"style":190},"k11",[1208],{"_key":1209,"_type":174,"marks":1210,"text":1211},"k10",[],"Unlike simple growth rates that just look at the beginning and end, calculating CAGR means providing an annual rate that flattens out the volatility and displays the mean annual growth as if the growth has been consistent each year.",[],{"_key":1214,"_type":170,"children":1215,"markDefs":1220,"style":190},"k14",[1216],{"_key":1217,"_type":174,"marks":1218,"text":1219},"k13",[],"This gives you a clearer picture of how your investments are really doing over time.",[],{"_key":1222,"_type":170,"children":1223,"markDefs":1228,"style":1188},"k17",[1224],{"_key":1225,"_type":174,"marks":1226,"text":1227},"k16",[],"How to calculate CAGR",[],{"_key":1230,"_type":170,"children":1231,"markDefs":1236,"style":190},"k20",[1232],{"_key":1233,"_type":174,"marks":1234,"text":1235},"k19",[],"Understanding the CAGR formula and how to apply it is vital for tracking investment growth over time.",[],{"_key":1238,"_type":170,"children":1239,"markDefs":1244,"style":190},"k23",[1240],{"_key":1241,"_type":174,"marks":1242,"text":1243},"k22",[],"Here's how you can calculate CAGR step by step:",[],{"_key":1246,"_type":170,"children":1247,"level":1257,"listItem":1258,"markDefs":1259,"style":190},"k28",[1248,1253],{"_key":1249,"_type":174,"marks":1250,"text":1252},"k26",[1251],"strong","Identify your starting value",{"_key":1254,"_type":174,"marks":1255,"text":1256},"k27",[],": This is where your investment begins its journey. It could be the initial amount of money you put into an investment fund or the market value of a stock when you first bought it.",1,"number",[],{"_key":1261,"_type":170,"children":1262,"level":1257,"listItem":1258,"markDefs":1271,"style":190},"k33",[1263,1267],{"_key":1264,"_type":174,"marks":1265,"text":1266},"k31",[1251],"Determine your ending value",{"_key":1268,"_type":174,"marks":1269,"text":1270},"k32",[],": Look at where your investment stands now or at the end of its period. This figure will show how much it has grown or shrunk over time. Determining the future value of the investment is a key step in the CAGR calculation.",[],{"_key":1273,"_type":170,"children":1274,"level":1257,"listItem":1258,"markDefs":1283,"style":190},"k38",[1275,1279],{"_key":1276,"_type":174,"marks":1277,"text":1278},"k36",[1251],"Determine the period",{"_key":1280,"_type":174,"marks":1281,"text":1282},"k37",[],": Count the number of years between when you started and ended your investment. If it's not whole years, that's okay – just count it as a fraction. The number of years or the investment period is another essential metric for calculating CAGR accurately.",[],{"_key":1285,"_type":170,"children":1286,"level":1257,"listItem":1258,"markDefs":1295,"style":190},"k43",[1287,1291],{"_key":1288,"_type":174,"marks":1289,"text":1290},"k41",[1251],"Plug these numbers into the CAGR formula",{"_key":1292,"_type":174,"marks":1293,"text":1294},"k42",[],": Use CAGR = (Ending Value \u002F Starting Value)^(1 \u002F Number of Years) – 1.",[],{"_key":1297,"_type":170,"children":1298,"level":1257,"listItem":1258,"markDefs":1307,"style":190},"k48",[1299,1303],{"_key":1300,"_type":174,"marks":1301,"text":1302},"k46",[1251],"Multiply by 100 to get a percentage",{"_key":1304,"_type":174,"marks":1305,"text":1306},"k47",[],": Because we talk about growth rates in percentages.",[],{"_key":1309,"_type":170,"children":1310,"markDefs":1315,"style":190},"k51",[1311],{"_key":1312,"_type":174,"marks":1313,"text":1314},"k50",[],"So, say you invested $1,000 in a fund (your starting value), and after five years, it grew to $1,610 (your ending value). You would plug those numbers into our formula like this:",[],{"_key":1317,"_type":170,"children":1318,"level":1257,"listItem":1323,"markDefs":1324,"style":190},"k54",[1319],{"_key":1320,"_type":174,"marks":1321,"text":1322},"k53",[],"CAGR = ($1,610 \u002F $1,000)^(1 \u002F 5) - 1","bullet",[],{"_key":1326,"_type":170,"children":1327,"markDefs":1332,"style":190},"k57",[1328],{"_key":1329,"_type":174,"marks":1330,"text":1331},"k56",[],"and discover that your CAGR is 0.10, or 10% when we convert it to a percentage.",[],{"_key":1334,"_type":170,"children":1335,"markDefs":1348,"style":190},"k65",[1336,1340,1345],{"_key":1337,"_type":174,"marks":1338,"text":1339},"k62",[],"If you want a quick calculation of your CAGR, you can also use this ",{"_key":1341,"_type":174,"marks":1342,"text":1344},"k63",[1343],"k59","CAGR calculator",{"_key":1346,"_type":174,"marks":1347,"text":185},"k64",[],[1349],{"_key":1343,"_type":188,"externalUrl":1350,"linkType":145},"https:\u002F\u002Fcagrcalculator.net\u002F",{"_key":1352,"_type":170,"children":1353,"markDefs":1358,"style":1188},"k68",[1354],{"_key":1355,"_type":174,"marks":1356,"text":1357},"k67",[],"How to calculate CAGR in Excel",[],{"_key":1360,"_type":170,"children":1361,"markDefs":1366,"style":190},"k71",[1362],{"_key":1363,"_type":174,"marks":1364,"text":1365},"k70",[],"Inputting the CAGR formula in Excel is a straightforward way to see how investments grow over time. You can use two functions, RATE or RRI, depending on your preference.",[],{"_key":1368,"_type":170,"children":1369,"markDefs":1374,"style":190},"k74",[1370],{"_key":1371,"_type":174,"marks":1372,"text":1373},"k73",[1251],"Using the RATE Function",[],{"_key":1376,"_type":170,"children":1377,"level":1257,"listItem":1258,"markDefs":1382,"style":190},"k77",[1378],{"_key":1379,"_type":174,"marks":1380,"text":1381},"k76",[],"Open Excel and type in your investment's beginning value (PV) in one cell.",[],{"_key":1384,"_type":170,"children":1385,"level":1257,"listItem":1258,"markDefs":1390,"style":190},"k80",[1386],{"_key":1387,"_type":174,"marks":1388,"text":1389},"k79",[],"Type the ending value (FV) of your investment in another cell.",[],{"_key":1392,"_type":170,"children":1393,"level":1257,"listItem":1258,"markDefs":1398,"style":190},"k83",[1394],{"_key":1395,"_type":174,"marks":1396,"text":1397},"k82",[],"Count how many years (n) your investment will grow. Type this number in a separate cell.",[],{"_key":1400,"_type":170,"children":1401,"level":1257,"listItem":1258,"markDefs":1406,"style":190},"k86",[1402],{"_key":1403,"_type":174,"marks":1404,"text":1405},"k85",[],"Click on an empty cell where you want the CAGR result to appear.",[],{"_key":1408,"_type":170,"children":1409,"level":1257,"listItem":1258,"markDefs":1414,"style":190},"k89",[1410],{"_key":1411,"_type":174,"marks":1412,"text":1413},"k88",[],"Enter the formula: ‘=RATE(n,, -PV, FV)’. Make sure to reference the cells where you typed PV, FV, and n.",[],{"_key":1416,"_type":170,"children":1417,"markDefs":1422,"style":190},"k92",[1418],{"_key":1419,"_type":174,"marks":1420,"text":1421},"k91",[1251],"Using the RRI Function",[],{"_key":1424,"_type":170,"children":1425,"level":1257,"listItem":1258,"markDefs":1430,"style":190},"k95",[1426],{"_key":1427,"_type":174,"marks":1428,"text":1429},"k94",[],"First, make sure you know your investment's starting value, final value, and duration in years.",[],{"_key":1432,"_type":170,"children":1433,"level":1257,"listItem":1258,"markDefs":1438,"style":190},"k98",[1434],{"_key":1435,"_type":174,"marks":1436,"text":1437},"k97",[],"In Excel, place these values each in their own cell.",[],{"_key":1440,"_type":170,"children":1441,"level":1257,"listItem":1258,"markDefs":1446,"style":190},"k101",[1442],{"_key":1443,"_type":174,"marks":1444,"text":1445},"k100",[],"Find an empty cell to display your CAGR result.",[],{"_key":1448,"_type":170,"children":1449,"level":1257,"listItem":1258,"markDefs":1454,"style":190},"k104",[1450],{"_key":1451,"_type":174,"marks":1452,"text":1453},"k103",[],"Type the formula: '=RRI(n, PV, FV)' into this cell. Again, refer back to where you placed PV, FV, and n.",[],{"_key":1456,"_type":170,"children":1457,"markDefs":1471,"style":190},"k112",[1458,1462,1467],{"_key":1459,"_type":174,"marks":1460,"text":1461},"k109",[],"Both methods will give you your investment's compound annual growth rate directly in Excel without needing extra tools or ",{"_key":1463,"_type":174,"marks":1464,"text":1466},"k110",[1465],"k106","calculations",{"_key":1468,"_type":174,"marks":1469,"text":1470},"k111",[]," by hand. Choose whichever function you find easier or suits your needs better.",[1472],{"_key":1465,"_type":188,"externalUrl":1473,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Funderstanding-gearing-ratio-definition-formula-examples",{"_key":1475,"_type":170,"children":1476,"markDefs":1481,"style":1188},"k115",[1477],{"_key":1478,"_type":174,"marks":1479,"text":1480},"k114",[],"Compound Annual Growth Rate example",[],{"_key":1483,"_type":170,"children":1484,"markDefs":1498,"style":190},"k123",[1485,1489,1494],{"_key":1486,"_type":174,"marks":1487,"text":1488},"k120",[],"Now that you've seen how to calculate CAGR, let's use this tool with real examples. Imagine a company called Tech Innovations increased its ",{"_key":1490,"_type":174,"marks":1491,"text":1493},"k121",[1492],"k117","revenue",{"_key":1495,"_type":174,"marks":1496,"text":1497},"k122",[]," from $100 million in 2018 to $200 million in 2023.",[1499],{"_key":1492,"_type":188,"externalUrl":1500,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fwhat-is-revenue-types-and-formula",{"_key":1502,"_type":170,"children":1503,"markDefs":1508,"style":190},"k126",[1504],{"_key":1505,"_type":174,"marks":1506,"text":1507},"k125",[],"To find out the CAGR, use the formula: CAGR = (Ending Value \u002F Starting Value)^(1 \u002F Number of Years) – 1. Here, ending value is $200 million, starting value is $100 million, and number of years is 5.",[],{"_key":1510,"_type":170,"children":1511,"markDefs":1516,"style":190},"k129",[1512],{"_key":1513,"_type":174,"marks":1514,"text":1515},"k128",[],"This gives us a CAGR of about 14.87%. 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