(This is a restatement of 2.36.) AppleComputer wants to
Chapter 2, Problem 2.63(choose chapter or problem)
(This is a restatement of 2.36.) AppleComputer wants to have $2.1 billion available5years from now in order to finance initial productionof a device that applies IOT technologyfor home use. The company expects to set aside uniformly increasing amounts of money each yearto meet its goal, starting with $100 million at theend of year 1. How much will the constant increase,G, have to be each year at a rate of returnof 18% per year? Try your skill by using the GoalSeek tool to find the required gradient. Start theevaluation with G = $50 million per year.
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