@ 8% QUESTION 13 Petry Corp. is a growing company with sales of $1.25 milion thi

ID: 2821480 • Letter: #

Question

@ 8% QUESTION 13 Petry Corp. is a growing company with sales of $1.25 milion this year. The firm expects to grow at an annual rate of 25 percent for the next three years, followed by a growth of 20 percent per year for the will be Petry's sales at the end of five years? (Round to the nearest percent) sales at the end of five years? (Round to the nearest percent.) $2,160,000 $3,515,625 $1,875,000 $2,929,688 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save N]

Explanation / Answer

Year

Last year sale

growth rate

sales

1250000

25%

1562500

25%

1953125

25%

2441406

2441406.25

20%

2929688