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8 . Yamaha sold 6 0 0 , 0 0 0 $ guitars this year in a city compared to its sales of 4 0

8. Yamaha sold 600,000$ guitars this year in a city compared to its sales of 400,000$ last year. How has been its performance in terms of growth rate? Now, assume Yamaha sales was 100,000$, three years ago. Using CAGR, how do you calculate the average growth rate? Analyse and compare the findings.

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