Ivanhoe Sales Company has sales of $1,750,000. If the company's management expects sales to grow 7.00 percent annually, how long will it be before sales double? Use financial calculator to solve this problem. (Round answer to 0 decimal places, e.g. 20.) Time needed to double its sales years

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Ivanhoe Sales Company has sales of $1,750,000. If the company's management expects sales to grow 7.00 percent annually, how
long will it be before sales double? Use financial calculator to solve this problem. (Round answer to O decimal places, e.g. 20.)
Time needed to double its sales
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years
Transcribed Image Text:Ivanhoe Sales Company has sales of $1,750,000. If the company's management expects sales to grow 7.00 percent annually, how long will it be before sales double? Use financial calculator to solve this problem. (Round answer to O decimal places, e.g. 20.) Time needed to double its sales Save for Later years
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