1)Xenix Corp had sales of $375,000 in 2014. If management expects its sales to be $476,450 in...
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Question:
1)Xenix Corp had sales of $375,000 in 2014. If management expects its sales to be $476,450 in 6 years, what is the rate at which the company's sales are expected to grow?(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to two decimal places, e.g. 8.72%.)
2) Caroline Weslin needs to decide whether to accept a bonus of $1,660 today or wait two years and receive $1,910then. She can invest at 6 percent. What should she do?
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