Asked by Nan
Year: 1, 2, 3, 4, 5
Sale:.48,1.032,2.198,4.726,10.208
(in millions)
-If the sales growth pattern continues, what will be the sales for ABC Company in year 12?
-What will be the total sales for ABC Company for years 1 through 12?
I know that this is a geometric sequence with a common ratio of 2.13
Sale:.48,1.032,2.198,4.726,10.208
(in millions)
-If the sales growth pattern continues, what will be the sales for ABC Company in year 12?
-What will be the total sales for ABC Company for years 1 through 12?
I know that this is a geometric sequence with a common ratio of 2.13
Answers
Answered by
Steve
Since you have figured r, and a = 0.48,
Tn = 0.48*2.13^(n-1)
T12 = 0.48*2.13^11 = 1965.25
S12 = 0.48(1-2.13^12)/(1-2.13) = 3703.98
Tn = 0.48*2.13^(n-1)
T12 = 0.48*2.13^11 = 1965.25
S12 = 0.48(1-2.13^12)/(1-2.13) = 3703.98
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