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Serga [27]
3 years ago
10

If a company sales are growing at a rate of 20% annually, how long it will take sales to double?

Business
1 answer:
Zinaida [17]3 years ago
3 0
Use this equation: FVN= $2 = $1(1 + I)N= $1(1.20)<span>N    (With any dollar amount)

</span>The exact answer is 3.8 years, but some calculators will round this value up to the next highest whole number, so maybe 4 years. 
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