kingombeadrien4256 kingombeadrien4256
  • 24-08-2020
  • Business
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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

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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

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