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a2. Your sales grew 6% last year.What average monthly growth rate is needed to achieve this 6% growth?EXAMPLE: A 2% growth rate for the year

a2. Your sales grew 6% last year.What average monthly growth rate is needed to achieve this 6% growth?EXAMPLE: A 2% growth rate for the year would require 1.02 = (1 + r)12.Solve this for r:; r = .00165 or .165% per month on average.

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