For the year ending December 31, 2017, sales for Company Y were $62.91 billion. Beginning January 1, 2018 Company Y plans to invest 8.5% of their sales amounteach year and they expect their sales to increase by 5% each year over the next three years.Company Y invests into an account earning an APR of 2.0% compounded continuously. Assume a continuous income streamHow much money will be in the investment account on December 31, 2020?Round your answer to three decimal places.17.306 x billion dollarsHow much money did Company Y invest in the account between January 1, 2018 and December 31, 20207Round your answer to three decimal places.16.858x billion dollarsHow much interest did Company Y earn on this investment between January 1, 2018 and December 31, 2020?Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer447x billion dollars

As per the given information: Sales for Company Y ending December 31,2017 - $62.91 billionAmount…

For the year ending December 31, 2017, sales for Company Y were $62.91 billion. Beginning January 1, 2018 Company Y plans to invest 8.5% of their sales and each year and they expect their sales to increase by 5% each year over the next three years. Company Y invests into an account earning an APR of 2.0% compounded continuously. Assume a continuous income stream How much money will be in the investment account on December 31, 2020? Round your answer to three decimal places. 17.305 x billion dollars How much money did Company Y invest in the account between January 1, 2018 and December 31, 20207 Round your answer to three decimal places. 16.856 x billion dollars How much interest did Company Y earn on this investment between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer 447 x billion dollars

For the year ending December 31, 2017, sales for Company Y were $62.91 billion. Beginning January 1, 2018 Company Y plans to invest 8.5% of their sales and each year and they expect their sales to increase by 5% each year over the next three years. Company Y invests into an account earning an APR of 2.0% compounded continuously. Assume a continuous income stream How much money will be in the investment account on December 31, 2020? Round your answer to three decimal places. 17.305 x billion dollars How much money did Company Y invest in the account between January 1, 2018 and December 31, 20207 Round your answer to three decimal places. 16.856 x billion dollars How much interest did Company Y earn on this investment between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer 447 x billion dollars

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter9: Corporate Valuation And Financial Planning

Section: Chapter Questions

Problem 1P: Broussard Skateboard’s sales are expected to increase by 15% from $8 million in 2018 to $9.2 million...

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