I'm/it The chief Iniancial officer of a company reports thatprofits tor the past fiscal

Chapter 6, Problem 74

(choose chapter or problem)

I'm/it The chief Iniancial officer of a company reports thatprofits tor the past fiscal year were $893,000. The officer predicts that profits for the next 5 years will grow at a continuousannual rate somewhere between 33% and 5%. Estimate thecumulative difference in total profit over the 5 years based onthe predicted range of growth rates.

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