Your projected sales for year 10 are $ 620,363.21.
Given that your business plan calls for sales of $ 45,000 in year 1 with compound growth of 30% per year thereafter, to determine what your projected sales for year 10 are, the following calculation must be performed:
- 45,000 x 1.30 ^ 10 = X
- 45,000 x 13.78 = X
- 620,363.21 = X
Therefore, your projected sales for year 10 are $ 620,363.21.
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