1 answer

.BACxCH PRİNT". VTAStow NEXT Problem 5.27 (Solution Video) Carla Vista Corp had sales of $394,000 in...

Question:

.BACxCH PRİNT. VTAStow NEXT Problem 5.27 (Solution Video) Carla Vista Corp had sales of $394,000 in 2017. If management expects its sales to be $476,450 in 6 years, what is the rate at which the companys sales are expected to grow? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, eg. 8.72%.) Growth rate Question Attempts: O of 2 used SAVE FOR LATER SUBMIT ANSWER
.BACxCH PRİNT". VTAStow NEXT Problem 5.27 (Solution Video) Carla Vista Corp had sales of $394,000 in 2017. If management expects its sales to be $476,450 in 6 years, what is the rate at which the company's sales are expected to grow? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, eg. 8.72%.) Growth rate Question Attempts: O of 2 used SAVE FOR LATER SUBMIT ANSWER

Answers

Answer is 3.2%

We need to find growth using funtion RATE

NPER=6

PV=394000

PMT=0

FV=476450

=RATE(6,0,-394000,476450)

=3.22%

.

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