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A client's orders are growing consistently at x % per year. A) If three years from now orders are 50% higher than today, what is the annual growth rate ( X)? B) Write an expression (in terms of x) for how many years it will take until orders are double what they are currently

A client's orders are growing consistently at x % per year. A) If three years from now orders are 50% higher than today, what is the annual growth rate ( X)? B) Write an expression (in terms of x) for how many years it will take until orders are double what they are currently

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A client's orders are growing consistently at x % per year. A) If three years from now orders are 50% higher than today, what is the annual growth rate ( X)? B) Write an expression (in terms of x) for how many years it will take until orders are double what they are currently
Transcribed Image Text:A client's orders are growing consistently at x % per year. A) If three years from now orders are 50% higher than today, what is the annual growth rate ( X)? B) Write an expression (in terms of x) for how many years it will take until orders are double what they are currently
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