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Bishop Corporation's new Chief Marketing Officer has pledged to increase sales from its current level of $5.5 million at a rate of 8% per year

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Bishop Corporation's new Chief Marketing Officer has pledged to increase sales from its current level of $5.5 million at a rate of 8% per year until the firm hits sales of $12 million. How long will it take to hit the target goal at this rate of increase? a. Almost 20 years. b. A little less than 15 years, OC A little more than 15 years. d. A little more than 10 years

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