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1 Florida Home Health is a small home care agency owned by a group practice of nurses and physical therapists in Tampa, Florida. During the

1 Florida Home Health is a small home care agency owned by a group practice of nurses and physical therapists in Tampa, Florida. During the past few years, the company reported the following revenues:

Year Revenue (thousands)
1 $2058
2 $2534
3 $2472
4 $2850
5 $3000
6 ?

Use Excel's FORECAST function to predict Florida Home Health's Year 6 revenue: 3,243

=FORECAST(Forecast year,cells containing known revenue,cells containing respective know years)

2. Continuing with the previous problem, forecast Florida Home Health's Year 6 revenue using the average annual growth rate.

r=(FV/PV)1/t -1

Answer to the nearest dollar. Do not include the dollar sign in your answer.

**Need help with question number 2 only please.

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