The value of the annual production enterprise is 7.1 million USD. The average annual growth rate is 1.5%.

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

Correct answer:

x =  7.649 mil

Step-by-step explanation:

q=1+1.5/100=1.015 x=7.1q5=7.11.0155=7.649 mil

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