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Eckelberger Products Inc. makes high speed recorders with high-speed scanning. The small company has been growing at an avera
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Answer #1

Annual effective growth rate (r) = 65%
Number of quarters in a year (n) = 4

Effective quarterly growth rate = (1+r)^1/n - 1
= (1+0.65)^(1/4) - 1
= 1.133368 - 1
= 13.3368 or 13.34%
Effective quarterly growth rate = 13.34% (approx)

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