12/29/2020 How do I calculate what my monthly growth rate needs to be in order to hit an annual goal?

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If something grows at 10% every week, what is
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Dave Bell
Answered January 2

First, calculate the gain you need, as a ratio: G = Final value/starting revenue.

Then, take the 12th root of G, or G^(1/12).

If, for example, you start with $100 and want to reach $500 in 12 months,

G=500/100 = 5

Using the Windows calculator, 5 x^y (1/12) = returns a bit over 1.14

You need to increase earnings by 14% each month.

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