Known Facts :
Sales For 1st year = 7230
Sales for 10th year =32259
Above numbers are in Mil
Historical growth rate for above period was 0.18077
by using formula
((32259/7230)^(1/9))-1=0.18077
Question is finding sales value 5 years in future?
I estimate it is around 54000!
I think formula would be close but I do not know how to find XX?
((XX/32259)^(1/4))-1 = 0.18077739
I used 4 for years as that was number of year from the end of the 10th year to the end of the 15th year.
Thanks for your help!
Bob
2007-10-28
20:13:30
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2 answers
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asked by
Robert L
1
in
Business & Finance
➔ Investing