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Sum of Net Income for 2023:
Convert weekly percentage changes to decimals and add 1:1 + 0.19811321 = 1.198113211 + 0 = 11 - 0.26535433 = 0.734645671 - 0.4812433 = 0.51875671 + 1.68595041 = 2.685950411 - 0.00769231 = 0.992307691 - 0.35658915 = 0.643410851 + 3.14168675 = 4.141686751 - 0.85047708 = 0.149522921 + 2.65758755 = 3.657587551 - 0.22340426 = 0.776595741 - 0.10958904 = 0.890410961 - 0.10107692 = 0.898923081 + 0.54150265 = 1.54150265Compute the product of all these growth factors:Take the 15th root of this product:Subtract 1 from the result to get the average growth rate in decimal form.Convert back to a percentage by multiplying by 100.
2023 prior to accounting
Sum of Net Income for 2023: 95,693
95,693
Table 3
Date
Gross Income
Expenses
Net Income
Notes
9/17/2023
5,300
9/24/2023
6,350
10/1/2023
10/8/2023
4,665
10/15/2023
2,420
10/22/2023
6,500
10/29/2023
6,450
11/5/2023
4,150
11/10/2023
17,188
11/12/2023
2,570
11/19/2023
9,400
11/26/2023
7,300
12/3/2023
6,500
12/10/2023
5,843
12/17/2023
9,007
12/24/2023
2,050
There are no rows in this table
95,693
Sum
2023 Average Income Growth Rate is 3.86%
2023 Chart Entries
2023 weekly Rate of Change
Formula
Average Growth Rate=(∏_i^n=1(1+r_i)^1/n−1
Where ri is the rate of change for each period, and n is the number of periods (15 weeks).
Let's calculate this step by step:
1.19811321×1×0.73464567×0.5187567×2.68595041×0.99230769×0.64341085×4.14168675×0.14952292×3.65758755×0.77659574×0.89041096×0.89892308×1.541502651.19811321 \times 1 \times 0.73464567 \times 0.5187567 \times 2.68595041 \times 0.99230769 \times 0.64341085 \times 4.14168675 \times 0.14952292 \times 3.65758755 \times 0.77659574 \times 0.89041096 \times 0.89892308 \times 1.541502651.19811321×1×0.73464567×0.5187567×2.68595041×0.99230769×0.64341085×4.14168675×0.14952292×3.65758755×0.77659574×0.89041096×0.89892308×1.54150265
(product of growth factors)115\left( \text{product of growth factors} \right)^{\frac{1}{15}}(product of growth factors)151
The average growth rate over the 15 weeks is approximately 3.86%. This rate represents the average weekly growth rate of your net income over the given period
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