1) If Eisenberg Industries' revenues have increased from $30 million to $90 million over a 10-year period, what has been their annual rate of growth?

2)How many years will it take a $700 balance to grow into $900 in an account earning 5%?

3)At what interest rate would you be ambivalent about receiving either $50,000 10 years from now or $35,000 today?

Answer rating: 100% (QA)

1 To calculate the annual rate of growth for Eisenberg Industries we can use the compound annual gro... View the full answer