How do I convert an annual growth rate %, i.e. 219%, to a weekly growth rate with historical data?
Please show full calculation with formula.
Doni Answered question
The formula to convert an annual rate into any other rate is given as follows:
r = (1+R)^(1/p) -1
where;
R = annual effective rate = 219%
r = required rate with required frequency
p = compounding frequency = there are 52 weeks in a year on an average so the weekly rate will to compound for 52 times to mathc 2195% p.a.
hence, we have
r = (1+219/100)^(1/52) -1= 2.26% per week
Shiv Answered question
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