SOLUTION: A company has plans to increase its sales at the rate of 8% per year. If the sales of the company in 2001 were $6 million, how much sales can you expect the company to make in the

SOLUTION: A company has plans to increase its sales at the rate of 8% per year. If the sales of the company in 2001 were $6 million, how much sales can you expect the company to make in the

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Question 647941: A company has plans to increase its sales at the rate of 8% per year. If the sales of the company in 2001 were $6 million, how much sales can you expect the company to make in the year 2005
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
S=6000000(1.08)^4
S=8,162,934
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