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.

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.

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.

The Chief Financial Officer of a Company Reports That Profits