Hey so I am calculating the annualaverage sales growth based on historic trends and I just wanted to be sure I was doing it right. They gave me an equation (500-200/200)/2 as the average annual growth rate per year. Then it asks me to calculate the average annual growth rate for 1999-2015 and projected sales for 2017. I'm having issues because I have NO idea what kind of formula to even go off of to project sales for 2017. I just need to know if I am on the right track calculating the average annual growth rate per year and how to get the projected sales for 2017. I am not sure if its supposed to be a percentage or in currency format so I'm assuming currency format.

Sales Summary (Provided) Yr Sales Growth

1999 $527,000

2000 $1,215,000 $607,499.50

2001 $257,000 $128,499.50

2002 $985,000 $492,499.50

2003 $1,274,000 $636,999.50

2004 $1,578,000 $788,999.50

2005 $2,061,000 $1,030,499.50

2006 $1,987,000 $993,499.50

2007 $2,057,000 $1,028,499.50

2008 $2,565,000 $1,282,499.50

2009 $2,467,000 $1,233,499.50

2010 $3,846,000 $1,922,999.50

2011 $3,252,000 $1,625,999.50

2012 $4,226,000 $2,112,999.50

2013 $4,844,000 $2,421,999.50

2014 $4,922,000 $2,460,999.50

2015 $3,702,000 $1,850,999.50