Problem

(Program) A well-regarded manufacturer of widgets has been losing 4% of its sales each y...

(Program) A well-regarded manufacturer of widgets has been losing 4% of its sales each year. The company’s annual profit is 10% of sales. This year, the company has had $10 million in sales and a profit of $1 million. Determine the expected sales and profit for the next 10 years. Your program should produce a display in the following form:

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Solutions For Problems in Chapter 5.3