excelforecasting
How do I calculate the number of years to target in Microsoft Excel
If I have an average YOY growth of say 2.5%, current year sales of $500,000, and target sales of $1,000,000. Is there a way to calculate the number of years until I hit my target (assuming a continued YOY growth rate of 2.5%), without calculating each additional years's sales on a different row?
Solution
You can use the NPER function for this:
=NPER(Growth,0,currentSales,-targetSales)
Note that this gives the same result as @Dominique, but is using a built-in Excel function.
Also, by virtue of the nature of Excel financial functions, the signs for the current and future Sales need to be different.
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