Enterprise

The value of the annual production enterprise is 13.2 million USD. The average annual growth rate is 1%.

What will the value of production be at the end of the fifth year?

Final Answer:

x =  13.873 mil

Step-by-step explanation:

a=13.2 mil q=100%+1%=1+1001=1.01  r=q5=1.0151.051  x=a r=13.2 1.051=13.873 mil



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