Question
An electric truck manufacturer, Electrotruck Ltd, sold 52,000 vehicles last year (Yr 0). The company expects sales to grow at a rate of 15 percent
An electric truck manufacturer, Electrotruck Ltd, sold 52,000 vehicles last year (Yr 0). The company expects sales to grow at a rate of 15 percent per annum for the next four years (Yrs 1-4), and by 9 percent per annum in the fifth year (Yr 5).
What are the total number of trucks that the company expects to sell in year 4 and year 5?
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Financial Times Guide To The Financial Markets
Authors: Glen Arnold
1st Edition
0273730002, 978-0273730002
