A certain company reported selling 5,000 toys during the month of January and expects sales to grow at a rate of 7.5% per month until the end of that year. How many toys should the company expect to sell by the end of June of that year? 30,158 36,220 43,937 64,500

Question

Cade Walter

17 August, 04:53

+5

Answers (1)

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Ariel Charles · Answer 1

The formula is

Fv=p [ (1+r) ^ (t) - 1) : r)

Fv?

P 5000

R 0.075

T 6. June

Fv=5000 [ (1+0.075) ^ (6) - 1) : 0.075]

Fv=36220 ... answer