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 May 5, 2023
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 May 5, 2023
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