Question
B3 Cooling Tools, Inc. is currently producing 1,067 of small refrigerators per month but the companys CEO plans to increase production at a rate of
B3
Cooling Tools, Inc. is currently producing 1,067 of small refrigerators per month but the companys CEO plans to increase production at a rate of 10.36 percent per month until the firm is producing 5,811 of refrigerators per month. How many months will this take?
Round the answer to two decimal places.
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
