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Sagot :
8% of 155,000 = 12,400
155,000 + 12,400 = 167,400
- this is the rate for one year, find 8% of 167,400 and use addition to add your answer to 167,400 find the cost of the 2nd year, keep doing this until you have reached 9 years
155,000 + 12,400 = 167,400
- this is the rate for one year, find 8% of 167,400 and use addition to add your answer to 167,400 find the cost of the 2nd year, keep doing this until you have reached 9 years
The value of annual sales in 9 years is $309,845.72.
What is the value of annual sales in 9 years?
In order to determine the annual sales of the company in 9 years, the formula to be used is:
FV = P (1 + r)^n
Where:
- FV = Future value
- P = Present value
- R = interest rate
- N = number of years
$155,000 x (1.08)^9 = $309,845.72
To learn more about future value, please check: https://brainly.com/question/18760477
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