Annual Compounding & Sales Forecast
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The following table shows annual sales data for Security Watch, Inc., over the ten-year 1998 - 2008 period:
Year Sales ($ Thousands)
1998 $100
1999 150
2000 200
2001 220
2002 280
2003 360
2004 480
2005 500
2006 540
2007 580
2008 620
A. Calculate the 1998-2008 growth rate in sales using the constant rate of change model with annual compounding.
B. Forecast sales for the years 2011 and 2016.
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Solution Summary
The solution growth rate in sales using the constant rate of change model with annual compounding and forecast sales for future years.
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