The Chief Financial Officer of a Company Reports That Profits

question 18

Multiple Choice

The chief financial officer of a company reports that profits for the past fiscal year were $ million. The officer predicts that profits for the next 7 years will grow at a continuous annual rate somewhere between % and 6%. Estimate the cumulative difference in total profit over the 7 years based on the predicted range of growth rates. Round your answer to three decimal places.

• A) $445.736 billion
• B) $30.221 billion
• C) $7.023 billion
• D) $18.710 billion
• E) $57.880 billion

---

Definitions:

Confidentiality

The ethical principle or legal right that a professional or organization should not disclose information about a client or patient to others without the consent of the individual.

Retained

Retained refers to something that is kept or continued to be used, held in position, or remembered.

Access

The ability, right, or opportunity to reach, use, or participate in something.

Minutes

The official written record of the discussions and decisions made during meetings.