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What will be the approximate sales amount for galgan trading

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Galgan Trading is a fast-growing telecommunications agency. Currently, their sales are at $700,000. They expect their sales to grow at an annual compound rate of 35% in the next two years, followed by an annual compound rate of 25% in years 3 through 7. Finally, their growth rate would slow down to a compound growth rate of 10% in years 8-10.

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Problem 1: What will be the approximate sales amount for Galgan Trading as of year 10?

Reference no: EM132642201

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