SOLUTION: Hello all! <b>CelebNav, Inc. had sales last year of $600,000 and the analysts are predicting a good year for the start up, with sales growing 18 percent a year for the next 3 ye

Algebra ->  Finance -> SOLUTION: Hello all! <b>CelebNav, Inc. had sales last year of $600,000 and the analysts are predicting a good year for the start up, with sales growing 18 percent a year for the next 3 ye      Log On


   

Question 572069: Hello all!
CelebNav, Inc. had sales last year of $600,000 and the analysts are predicting a good year for the start up, with sales growing 18 percent a year for the next 3 years. After that, the sales should grow 9 percent per year for another two years, at which time the owners are planning on selling the company. What are the projected sales for the last year of the company’s operation?
Thank you!!
Answer by septimus99(4) About Me  (Show Source):
You can put this solution on YOUR website!
Ok, first multiply 600000 by .18(this is 18percent)then multiply that by .9 and add those numbers together to get an answer of 205200.
-Abby