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Estimated sales for the next five years

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Ruby's business has been growing quickly over the past few years, with sales increasing at about 50 percent per year. She has approached by a buyer for the business. She has decided she will sell it for half of the value of the estimated sales for the next five years. This year she will sell products worth $ 1 456 998. Use the geometric gradient factor to calculate her selling price for an interest rate of 5 percent.

Reference no: EM133129191

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