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Ruby's business has been growing quickly over the past few years, with sales increasing at about 60 percent per year. She has been approached by
Ruby's business has been growing quickly over the past few years, with sales increasing at about 60 percent per year. She has been approached by a buyer for the business. She has decided she will sell it for half of the value of the estimated sales for the next six years. This year she will sell products worth $1,590,547. Use the geometric gradient factor to calculate her selling price for an interest rate of 6 percent. Her selling price would be $. (Round to the nearest dollar as needed.)
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