A companys sales dropped 10% per year for five years. a. What annual rate of sales growth
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a. What annual rate of sales growth for the subsequent five years would return the sales to the original level?
b. To the nearest month, how long would it take for sales to return to the original level if they increased at 10% per year?
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Suppose the company began the 5year period with sales of 1000 ...View the full answer
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