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Time to Attain Goal: Elegant Designers Have Generated Sales of $625,000

Question 69

Multiple Choice

Time to attain goal: Elegant Designers have generated sales of $625,000 for the current year. If they can grow their sales at a rate of 12 percent every year, how long will they take to triple their sales? (Round off to the nearest year.)


A) 8 years
B) 7 years
C) 10 years
D) 9 years

Correct Answer:

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