Sales for Triad Inc.have grown from $2 million to $8.092 million in 10 years.What is the implied growth rate of sales for Triad?
A)24.72%
B)4.05%
C)15.0%
D)12.2%

Name: Sales for Triad Inc.have grown from $2 million to $8.092 million in 10 years.What is the implied growth rate of sales for Triad? A)24.72% B)4.05% C)15.0% D)12.2%
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Question

Quizplus · Accepted Answer

2 = 8.092(PVIFᵢ,₁₀)
.2472 = PVIFᵢ,₁₀ From Table II, i = 15%