Question
Product A sold five million copies during 2018. Its future sales are predicted to increase exponentially by two percent per year for many years to
Product A sold five million copies during 2018. Its future sales are predicted to increase exponentially by two percent per year for many years to come.
Product B sold two million copies during 2018. Its future sales are predicted to increase exponentially by four percent per year for many years to come.
Which will be the first year that product B sells more than product A?
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Fundamentals Of Financial Management
Authors: James C Van Horne
3rd Edition
0133393410, 978-0133393415
