You own a pet wholesale business. You sell fish. You would like to have a population of

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You own a pet wholesale business. You sell fish. You would like to have a population of 100,000 neon tetra fish to sell to your retailers. If cared for well, neon tetras reproduce quickly. You estimate that your fish population can grow at a rate of 250% per year! Your goal is to have the 100,000 fish at the end of 5 years. How many fish do you need to start with, in order to reach your goal? (Round your answer to the nearest whole fish!)
190
1,000
100
388
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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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