How do I calculate historical yearly market worth knowing only its yearly growth rate and its martket worth for year 2015?
According to MarketLine, the global home improvement market is expected to grow at 2.5% yearly rate between 2010-2015 and is predicted to be worth almost $678 billion by 2015
I need to find X for each year since 2010 until 2014. I have yearly 2.5% percentage increase and 678,000,000,000 for year 2015.
How do I calculate historical worth for respective years?