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13 July, 01:48

If a company sales are growing at a rate of 20% annually, how long it will take sales to double?

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  1. 13 July, 05:29
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    Use this equation: FVN = $2 = $1 (1 + I) N = $1 (1.20) N (With any dollar amount)

    The exact answer is 3.8 years, but some calculators will round this value up to the next highest whole number, so maybe 4 years.
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