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The Geometric Mean Growth Rate of Sales for Used Cars

Question 6

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The geometric mean growth rate of sales for used cars in a geographic area from 2005 to 2009 was 16.42 percent. Annual sales in 2005 were $14.2 million. Find the ending value of sales after this four-year period. (Round your answer to 2 decimal places.)

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$26.09 mil...

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