Walmarts 2016 sales were about $481 billion. Suppose sales are projected to increase at a rate of 15% per year. What will Walmart sales be in the year 2021 if this is correct? Please show how you came to the answer, thank you.

Q: a baseball card is purchased for $50. a year later it's value increased to $51.50. what is the…

A: Use formula of growth rate

Q: You have a credit card that has a balance of $12,000 at an APR of 18.99%. You plan to pay $600 each…

A: Solution:-The loan amount on the credit card i.e. PV =$12000APR =18.99% p.a. i.e. 18.99/12 =1.5825%…

Q: This year, the monthly rent for a condominium is $1060. If the annual rent increase is set at 3.1%,…

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Q: If gas prices are now $3.75 and they were up 10% from 6 months ago, how much were gas prices 6…

A: Let 6 months ago gas prices be  'X'. At present it is increased by 10%. So present prices of gas   =…

Q: 5 years ago you purchased a home for $215,000. You made a 10% down payment and paid for the rest…

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Q: You buy a new car for the price of $28,750 and, on average, that car’s value will depreciate by…

A: Buy car price of $28,750  depreciate by 18.25% each year. determine the time when your car’s value…

Q: Gary is getting a Wi-Fi hotspot that costs $35 and has a monthly data plan of $20/month. How much…

A: Given query is to find the the total cost of wifi over 2 years .

Q: If a job pays $10 which is approximately 6.67%, how much would the job have paid in 1995?

A: we need to find how much would the job have paid in 1995

Q: Suppose the value of your car is decreasing by 18% per year. If your car is currently worth $20,000.…

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Q: An antique vase was purchased in 2000 for $8000. If the vase appreciates in value by 5% per year,…

A:

Q: You buy a new computer for $2750. Every year, its value decreases by 7.5%. What will be the value of…

A: Here the price of the computer is decreasing at a rate of 7.5% as that of the pervious year. So the…

Q: Slave Lake Mining sold 34,000 oz of gold in Year 1 at an average price of $1160 per oz. As a result…

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Q: Suppose you spent $800 on clothing in the past six months. Suppose you save this same 20% each year…

A: Given that, The total cost of clothing is $800. Now, saving 20% of $800 in a year is, 20100×800=$160

Q: A new truck sells for $48,000. If it depreciates at the rate of 18% per year, how old will it be…

A: The depreciation formula is given by; W=C(1-d100)n where C is the current worth and w is the worth…

Q: Sales last year for a department were $124,560. This year planned sales are forecast to increase by…

A: The sales of last year is $ 124,560.   The increment of 4.2 % in $ 124,560 is:

Q: The schools principal estimates that the current enrollment of 750 students will increase 5% each…

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Q: During 2008 the S&P 500 index, depreciated by 37.6%. Assuming that this trend had continued, how…

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Q: Suppose a computer that costs $1,000 decreases in value by 17% each year. The estimated value of the…

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Q: A car cost $17,000. The car's depreciates at a rate of 2.5%. How much is the car worth after 3…

A: NOTE: Refresh your page if you can't see any equations. . the initial value of the car is a=17000…

Q: An antique chair was purchased in the year 2013 for $500. At the time of purchase, an appraiser…

A: To find: The number of chairs be worth now(2021) Given information: An antique chair was purchased…

Q: Suppose you have a choice between receiving $5,000 today or $10,000 in five years. You believe you…

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Q: A bond was purchased on January 1, 2016 for $750. If its value increases by 8.2 % every year, how…

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Q: Ted just bought a new car for $ 25,000. Suppose the value of the car decreases by 14% each year.…

A: The exponential growth or decay is modelled using the equation, P(t)=P0(1±r)t , where r is the rate…

Q: Three years ago, Jolene bought $625 worth of stock in a software company. Since 1 then the value of…

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Q: the average annual cost of college at 4 year private college was $29,056 in the 2012-2013 academic…

A: Given average annual cost of college at 4 year private college is $ 29,056 in academic year…