Marco wants to estimate his annual expenses for the next five years. He thinks they will increase by 5 percent each year. He should use a growth trend to calculate the expenses.

Question

Quizplus · Accepted Answer

Using a growth trend, Marco can calculate his expenses by taking his current expenses and increasing them by 5% for each year in the future. This will give him an estimate of what his expenses will be in the next five years.

Marco Wants to Estimate His Annual Expenses for the Next