Eckelberger Products, Inc. makes high-speed recorderswith
Chapter 4, Problem 4.17(choose chapter or problem)
Eckelberger Products, Inc. makes high-speed recorderswith high-speed scanning. The small companyhas been growing at an average rate of 75%per year for the past 4 years. The CEO asked you toconvert the past growth rate into a monthly rate forits annual report. If the past growth rate was an effectiverate, what was the effective growth rate permonth?
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