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.

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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