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14. A company has revenues of $100 during Year 1. Each year their profit is 20% of revenue. Revenue is growing 15% per year. How
14. A company has revenues of $100 during Year 1. Each year their profit is 20% of revenue. Revenue is growing 15% per year. How much total profit (rounded to the nearest penny) will the company earn during Years 1-10? 20. What is the monthly payment on a 20 year mortgage (rounded to the nearest dollar) with end of month payments when the annual interest rate is 8%, and we are borrowing $300,000? Enter just the number as a positive, whole number with no dollar sign; e.g., 5000. 59. A company has revenues of $100 during Year 1. Each year their profit is 20% of revenue. Revenue is growing 15% per year. Suppose you want to determine how the company's total profit during years 1-10 depends on the annual revenue growth rate and assumed profit margin. What Excel feature would you use? I. Data Table II. Goal Seek III. Subtotals IV. Data Validation Just Just I and 11 Just III Just II and III Just IV Just I and IV
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