Can you please help me thanksss!!!!!!!
1 answer:
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Answer:
The number of years it would take is
Step-by-step explanation:
From the question we are told that
The earning per share is $3.50
The growth rate is r = 7.0%
The duration is
Generally the future value is mathematically represented as
Where P is the present value
n is the time period
A is the future value which is mathematically evaluated as
substituting value
$ 10.5 0
So
Taking log of both sides
Answer:
x =
Step-by-step explanation:
Since you cannot subtract -1 from 4x, you multiply 2 × 4x = 8x
Now, you have 8x - 1 + 3 = 7
Seperate the 8x from the other numbers
8x = 1 - 3 + 7 ---> 6
8x = 6
Now simplify
x = <----- to reduce, divide the numerator and denominator by 2
Hence,
x =