Solved

If a Company's Annual Sales Grew from $165,000 to $485,000

Question 188

Short Answer

If a company's annual sales grew from $165,000 to $485,000 in a period of eight years, what has been the compound annual rate of growth of sales during the period?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q183: An investor paid $4217.17 to purchase a

Q184: Wilf paid $557.05 for a $1,000 face

Q185: Last year, the Muirs purchased a rental

Q186: Lisa is offered a loan from a

Q187: What rate of return in the second

Q189: The proceeds of a $9,000 8-year promissory

Q190: A four-year promissory note for $3,800 plus

Q191: Calculate the equivalent interest rate (to the

Q192: How long before a future payment of

Q193: The population of a mining town declined