What Rate of Nominal Growth Is Expected in Sales If

question 88

Multiple Choice

What rate of nominal growth is expected in sales if they are currently $1,000,000 and are expected to reach $1,600,000 in 5 years? Assume an inflation rate of 3.5%.

• A) 3.20%
• B) 9.86%
• C) 12.00%
• D) 26.49%

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Definitions:

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Any activity that arouses one or more of the five senses: sight, sound, touch, taste, and smell, with the aim of enhancing learning or enjoyment.

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