If a company's sales are growing at a rate of 10% annually, how long will it...

Question

Question

Answer 1

Answer #1

In Financal Calculator Enter
I/Y = 10
PV =100
FV =-200

Now Press: CPT+N
N= 7.272541 years

It will take 7.272541 years or 7 years 3.27 months to double the sales at the growth of 10%.

Time line: - let sales at to be 100 7-2725 years 100 110 121 13 3.1 146.4 1611 147.1 194.91 200

Answer 2

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