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a companys sales revenue in 2010 was $120,000. the management expects the revenue growth of 4%...

a companys sales revenue in 2010 was $120,000. the management expects the revenue growth of 4% per year. find the sales projection in 2018.
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Answer #1

For each year, last year's sales are multiplied by 1.04

This can also be shown using the formula:

=120000*1.04^8

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