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Category > Accounting Posted 31 May 2017 My Price 3.00

Zephyr Sales Company has sales of $1.125 million

Zephyr Sales Company has sales of $1.125 million. If the company expects its sales to grow at 6.5 percent annually, how long will it be before the company can double its sales? Use a financial calculator to solve this problem.

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Alpha Geek
(8)
Status NEW Posted 31 May 2017 08:05 AM My Price 3.00

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file 1496220713-Answer.docx preview (53 words )
Z-----------eph-----------yr -----------Sal-----------es -----------Com-----------pan-----------y h-----------as -----------sal-----------es -----------of -----------$1.-----------125----------- mi-----------lli-----------on.----------- If----------- th-----------e c-----------omp-----------any----------- ex-----------pec-----------ts -----------its----------- sa-----------les----------- to----------- gr-----------ow -----------at -----------6.5----------- pe-----------rce-----------nt -----------ann-----------ual-----------ly,----------- ho-----------w l-----------ong----------- wi-----------ll -----------it -----------be -----------bef-----------ore----------- th-----------e c-----------omp-----------any----------- ca-----------n d-----------oub-----------le -----------its----------- sa-----------les-----------? U-----------se -----------a f-----------ina-----------nci-----------al -----------cal-----------cul-----------ato-----------r t-----------o s-----------olv-----------e t-----------his----------- pr-----------obl-----------em.----------- A-----------nsw-----------er ----------- Do-----------ubl-----------ing----------- Pe-----------rio-----------d =----------- 0.-----------35 -----------+ (-----------69/-----------Int-----------ere-----------st -----------Rat-----------e) -----------Dou-----------bli-----------ng -----------Per-----------iod----------- = -----------0.3-----------5 +----------- (6-----------9/6-----------.5)-----------=10----------- -----------
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