Annual Compounding. The following table shows annual sales data for Landrover, Inc., over the ten-year 1998-2008 period:

A. Calculate the 1998-2008 growth rate in sales using the constant rate of change model with annual compounding.
B. Calculate 5-year and 10-year sales forecasts.

Question

Annual Compounding. The following table shows annual sales data for Landrover, Inc., over the ten-year 1998-2008 period:
 
 A. Calculate the 1998-2008 growth rate in sales using the constant rate of change model with annual compounding.
B. Calculate 5-year and 10-year sales forecasts.

Quizplus · Accepted Answer

The Answer of Annual Compounding. The following table shows annual sales data for Landrover, Inc., over the ten-year 1998-2008 period:
 
 A. Calculate the 1998-2008 growth rate in sales using the constant rate of change model with annual compounding.
B. Calculate 5-year and 10-year sales forecasts.