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    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.

    © BrainMass Inc. brainmass.com April 3, 2020, 9:28 pm ad1c9bdddf
    https://brainmass.com/business/sales-revenue/annual-compounding-sales-forecast-382424

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    The solution growth rate in sales using the constant rate of change model with annual compounding and forecast sales for future years.

    $2.19

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