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What annual growth rate

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"A company has revenue of $1000 in 2009. Our current estimate is that revenues will grow 25% per year. Our profit each year will equal 20% of revenue. What annual growth rate (rounded to the nearest 1%) in revenue would yield a total profit of $15,000 for years 2009-2015 for this situation. Enter just the number; e.g., 65%".

Reference no: EM13662447

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