A hamburger press for food restaurants has current sales of

A hamburger press for food restaurants, has current sales of $6 million and forecasted annual growth of 15%. what will be product A\'s sales at the end of a 5 year period ? please provide your answer in millions of dollars, rounded to two decimals places

Solution

Sales at the end of a 5 year period = 6 * 1.15^5

Sales at the end of a 5 year period = 12.07 million