The chief financial officer of a company reports that profits for the past fiscal year were million.The officer predicts that profits for the next 7 years will grow at a continuous
Annual rate somewhere between and 6%.Estimate the cumulative difference in total profit over
The 7 years based on the predicted range of growth rates.Round your answer to three decimal places.
A)$445.736 billion
B)$30.221 billion
C)$7.023 billion
D)$18.710 billion
E)$57.880 billion

Question

The chief financial officer of a company reports that profits for the past fiscal year were  million.The officer predicts that profits for the next 7 years will grow at a continuous
Annual rate somewhere between  and 6%.Estimate the cumulative difference in total profit over
The 7 years based on the predicted range of growth rates.Round your answer to three decimal places.
A)$445.736 billion 
B)$30.221 billion 
C)$7.023 billion 
D)$18.710 billion 
E)$57.880 billion

Quizplus · Accepted Answer

The Answer of The chief financial officer of a company reports that profits for the past fiscal year were  million.The officer predicts that profits for the next 7 years will grow at a continuous
Annual rate somewhere between  and 6%.Estimate the cumulative difference in total profit over
The 7 years based on the predicted range of growth rates.Round your answer to three decimal places.
A)$445.736 billion 
B)$30.221 billion 
C)$7.023 billion 
D)$18.710 billion 
E)$57.880 billion

The Chief Financial Officer of a Company Reports That Profits