Suppose revenues for a small business are $60,000 this year and will grow 9% per year. Design a spreadsheet to compute revenue in each of the next 10 years. In how many years from now will revenues first exceed $108,000? Please specify your answer as an integer.

Suppose revenues for a small business are $60,000 this year and will grow 9% per year. Design a spreadsheet to compute revenue in each of the next 10 years. In how many years from now will revenues first exceed $108,000? Please specify your answer as an integer.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Suppose revenues for a small business are $60,000 this year
and will grow 9% per year. Design a spreadsheet to compute
revenue in each of the next 10 years.
In how many years from now will revenues first
exceed $108,000?
Please specify your answer as an integer.

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