Question
Your company currently has sales of $200,000, but you expect to have $500,000 in sales in 5 years. What rate do you expect sales to
Your company currently has sales of $200,000, but you expect to have $500,000 in sales in 5 years. What rate do you expect sales to grow by each year?
Enter the following data into your calculator to solve the problem:
N = 5
PV = 200,000
PMT = 0
FV = 500,000
Solve for I/YR =
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International Finance A Survey
Authors: H. Kent Baker, Leigh A. Riddick
1st Edition
0199754659, 978-0199754656
