kingombeadrien4256 kingombeadrien4256
  • 24-08-2020
  • Business
contestada

Cyberhost Corporation's sales were $225 million last year. If sales grow at 6% per year, how large (in millions) will they be 5 years later

Respuesta :

ewomazinoade ewomazinoade
  • 25-08-2020

Answer:

$301.10 MILLION

Explanation:

the formula for determine the future value of sales =

P (1 +r)^n

P = Present value  = $225 million

R = interest rate  = 6%

N = number of years  = 5

$225 million(1.06)^5 = $301.10 MILLION

Answer Link

Otras preguntas

some of the ideas of the enlightenment led to the
Select the words to make the sentences true. The Articles of Confederation authorized a unicameral / bicameral legislature whose members were elected by direct
A city has a rectangular park that is 143 feet by 32 feet. There is a grassy field with a width of 30 feet. Next to the field there's a flower bed with the widt
Evalúate M/N for M=10,N=-5, and P=-2
She ___________ be at home by now but it's not sure at all.
Choose the correct response to this question. ¿Qué edad tienes? A. Tengo catorce años. B. Tienes catorce años. C. Tiene catorce años. D. Tener catorc
What is the average of 1/4 and 6/18
2. Some people take a long time to make a decision, some make snap decisions, and othersare thoughtful and deliberate. What type of decision-maker are you? Expl
NEED HELP FAST 15 POINTS Graph the system of inequalities.(a) -2x+3y>3 4x-3y<15 Solve each inequality for “y=”. Show your work.(b) Graph each inequality
PLS HELP WILL MARK BRAINLIEST