Calculate growth rate in sales

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Reference no: EM1371893

The following table demonstrate yearly sales information for Landrover, Inc., over the ten-year 1998-2008 period:

Year Sales
($ Millions)
1998 $4.0
1999 4.8
2000 5.6
2001 6.4
2002 7.0
2003 7.6
2004 8.4
2005 9.2
2006 10.2
2007 11.2
2008 12.4

A.Calculate the 1998-2008 growth rate in sales using the constant rate of change model with annual compounding.
B.Calculate 5-year and 10-year sales forecasts.

Reference no: EM1371893

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