# A highway has a traffic volume of 3,500 vehicles per day, and the annual growth rate is estimated to be

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## Question:

A highway has a traffic volume of 3,500 vehicles per day, and the annual growth rate is estimated to be 3%. If the current design period is 20 years, calculate the design traffic volume for the end of the design period, taking into account the growth rate.

**Related Book For**

## Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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**Question Details**

Chapter #

**10**- Forecasting Financial StatementsSection: INTEGRATIVE CASE

Problem: 2