I think is 7 but if that’s not I’m so sorry I did this last year
Answer:
rounded to the nearest hundredth the value is 813.04
Step-by-step explanation:
Is that the full question
The number of years it would take sales to reach $1,750,000 is 14.65 years.
<h3>What is the number of years?</h3>
The formula that can be used to determine the number of years it would take for the sales to reach $1,750,000 is:
Number of years : In (FV / PV) / r
Where:
- FV = future level of sales - $1,750,000
- PV = present level of sales = 850,000
- r = rate of growth - 4.931998%
Number of years : In ($1,750,000 / 850,000) / 0.04931998
Number of years : In (2.06) / 0.04931998
Number of years : 14.65 years
To learn more about how to determine the number of years, please check: brainly.com/question/21841217
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The least common denominator is 2
