The geometric mean growth rate of sales for used cars in a geographic area from 2005 to 2009 was 16.42 percent. Annual sales in 2005 were $14.2 million. Find the ending value of sales after this four-year period. (Round your answer to 2 decimal places.)

Question

Quizplus · Accepted Answer

The Answer of The geometric mean growth rate of sales for used cars in a geographic area from 2005 to 2009 was 16.42 percent. Annual sales in 2005 were $14.2 million. Find the ending value of sales after this four-year period. (Round your answer to 2 decimal places.)

The Geometric Mean Growth Rate of Sales for Used Cars