1. An executive tells their team that sales are increasing by 9% each year.  If they are currently selling $300,000 worth of product each year, what will their sales be in 5 years? How many years will it be before they reach $800,000? Give your answer to two decimal places.

Answer rating: 100% (QA)

To calculate the sales in 5 years we need to use the annual growth rate of 9 to project the increase ... View the full answer