Question: Business Math Compound Interest Please answer correctly! ABC Ltd. reports that its sales are growing at the rate of 1.85% per month. DEF Inc. reports

Business Math

Compound Interest

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Business Math Compound Interest Please answer correctly! ABC Ltd. reports that its

ABC Ltd. reports that its sales are growing at the rate of 1.85% per month. DEF Inc. reports sales increasing by 5.70% each quarter. What is each company's effective annual rate of sales growth? (Do not round intermediate calculations and round your final answers to 2 decimal places.) ABC Ltd. % DEF Inc

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