Multiple Choice
What rate of nominal growth is expected in sales if they are currently $1,000,000 and are expected to reach $1,600,000 in 5 years? Assume an inflation rate of 3.5%.
A) 3.20%
B) 9.86%
C) 12.00%
D) 26.49%
Correct Answer:
Verified
Correct Answer:
Verified
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