5 5. AVERAGE ANNUAL GROWTH RATE: Find the average annual growth rate for a company's sales over the following 5-year period: Note: the average growth rate is found by calculating the growth rate for each year individually, then finding the average of the four annual rates. The annual growth rate -(Ending value - beginning value)beginning value Annual growth rate Year 1 100,000 Year 2 110,000 Year 3 117,000 Year 4 130,000 Year 5 145,000 Average growth rate