# Question

Suppose that a company’s sales were $ 5,000,000 three years ago. Since that time sales have grown at annual rates of 10 percent, 10 percent, and 25 percent.

a. Find the geometric mean growth rate of sales over this three- year period.

b. Find the ending value of sales after this three- year period.

a. Find the geometric mean growth rate of sales over this three- year period.

b. Find the ending value of sales after this three- year period.

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