Annual Compounding. The following table shows annual sales data for Nanotechnology, Inc., over the ten-year 1995-2005 period:

A. Calculate the 1995-2005 growth rate in sales using the constant rate of change model with annual compounding.
B. Forecast sales for the years 2010 and 2015.

Question

Annual Compounding. The following table shows annual sales data for Nanotechnology, Inc., over the ten-year 1995-2005 period:
 
A. Calculate the 1995-2005 growth rate in sales using the constant rate of change model with annual compounding.
B. Forecast sales for the years 2010 and 2015.

Quizplus · Accepted Answer

The Answer of Annual Compounding. The following table shows annual sales data for Nanotechnology, Inc., over the ten-year 1995-2005 period:
 
A. Calculate the 1995-2005 growth rate in sales using the constant rate of change model with annual compounding.
B. Forecast sales for the years 2010 and 2015.