The company that produces Cliffs Notes (abridged versions of classic literature) was started in 1958 with $4000

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The company that produces Cliffs Notes (abridged versions of classic literature) was started in 1958 with $4000 and sold in 1998 for $14,000,000. Find the annual percent increase in the value of this company over the 40 years.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 10, 2023 05:24 AM

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The company that produces Cliffs Notes (abridged versions of classic literature) was started in 1958 with $4000

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Since we are looking for an annual percent increase we use an exponential function If ...View the full answer

Applied Calculus

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