Last year Rocco Corporation's sales were $650 million. If sales grow at 6.0% per year, how large (in millions) will they be 8 years later? O a. $977.36 million Ob. $689.00 million O c. $1,066.33 million Od. $962.00 million Oe. $1,036.00 million

Last year Rocco Corporation's sales were $650 million. If sales grow at 6.0% per year, how large (in millions) will they be 8 years later? O a. $977.36 million Ob. $689.00 million O c. $1,066.33 million Od. $962.00 million Oe. $1,036.00 million

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.2: Future Values

Problem 4ST

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Question

Last year Rocco Corporation's sales were $650 million. If sales grow at 6.0% per year, how large (in millions) will they be 8 years later?
O a. $977.36 million
Ob. $689.00 million
O c. $1,066.33 million
Od. $962.00 million
O e. $1,036.00 million

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