Last year Dania Corporation's sales were $325 million. If sales grow at 9.9% per year, how large (in millions) will they be 8 years later? Your answer should be between 445.00 and 762.00, rounded to 2 decimal places, with no special characters.
Last year Dania Corporation's sales were $325 million. If sales grow at 9.9% per year, how large (in millions) will they be 8 years later? Your answer should be between 445.00 and 762.00, rounded to 2 decimal places, with no special characters.
Chapter4: Time Value Of Money
Section4.2: Future Values
Problem 4ST
Related questions
Question
2
![Last year Dania Corporation's sales were $325 million. If sales grow at 9.9% per year, how large (in millions) will they be 8
years later?
Your answer should be between 445.00 and 762.00, rounded to 2 decimal places, with no special characters.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b683749-58e5-4e30-bd6b-95e0226f4526%2F8a770e1c-b814-4687-82e4-0acf6c9f76ea%2Fnkhxeni_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Last year Dania Corporation's sales were $325 million. If sales grow at 9.9% per year, how large (in millions) will they be 8
years later?
Your answer should be between 445.00 and 762.00, rounded to 2 decimal places, with no special characters.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you