Growth Rate: Petry Corp

question 10

Multiple Choice

Growth rate: Petry Corp. is a growing company with sales of $1.25 million this year. The firm expects to grow at an annual rate of 25 percent for the next three years, followed by a growth of 20 percent per year for the next two years. What will be Petry's sales at the end of five years? (Round to the nearest percent.)

• A) $2,160,000
• B) $3,515,625
• C) $1,875,000
• D) $2,929,688

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Definitions:

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for voluntary movement, expressive language, and managing higher level executive functions.

Hippocampus

A region of the brain that is associated with memory formation and spatial navigation.

Cerebellum

A part of the brain located at the back of the skull, responsible for coordinating voluntary movements, balance, and posture.

Treble Clef

A musical symbol used to indicate the pitch of written notes placed on one of the lines at the very beginning of the staff.