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Suppose that a company’s sales were $5,000,000 three years ago. Since that time sales have grown at annual rates of 10
percent,–10 percent, and 25 percent.
a Find the geometric mean growth rate of sales over this three-year period.
b Find the ending value of sales after this three-year period.

Respuesta :

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Answer:

≈ 0.07

Step-by-step explanation:

To find the geometric mean over this three-year period, we plug in the values  for the yearly return rates into the equation for the geometric mean.

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