Mathematics, 22.01.2021 21:30 tylorwsimmons

In a company's first year in operation, it made an annual profit of $123,500$123,500. The profit of the company increased at a constant 26% per year each year. Determine the value of r that would be used in your series formula.

A) .26
B) 1.26
C) .74

Answers: 3

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In a company's first year in operation, it made an annual profit of $123,500$123,500. The profit of the company increased at a constant 26% per year each year. Determine the value of r that would be used in your series formula. A) .26 B) 1.26 C) .74

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In a company's first year in operation, it made an annual profit of $123,500$123,500. The profit of the company increased at a constant 26% per year each year. Determine the value of r that would be used in your series formula.

A) .26
B) 1.26
C) .74