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In 2018 24,000 units of a product were sold. In 2020 25,959 units of the same product were sold. All of the following are true,

In 2018 24,000 units of a product were sold.

In 2020 25,959 units of the same product were sold.

All of the following are true, EXCEPT...

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Change in units sold is 1,959

Assuming the same compound annual growth rate, unit sales in 2022 are predicted as 28,078

Compound annual growth rate in unit sales 4.0%

Percent change in unit sales is 8.0%

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