The chief financial officer of a company reports that profits for the past fiscal year were $17.8 million. The officer predicts that profits for the next 8 years will grow at a continuous annual rate somewhere between % and 8%. Estimate the cumulative difference in total profit over the 8 years based on the predicted range of growth rates. Round your answer to three decimal places.
A) $614.225 billion
B) $38.411 billion
C) $35.132 billion
D) $2.134 billion
E) $133.803 billion

Question

The chief financial officer of a company reports that profits for the past fiscal year were $17.8 million. The officer predicts that profits for the next 8 years will grow at a continuous annual rate somewhere between  % and 8%. Estimate the cumulative difference in total profit over the 8 years based on the predicted range of growth rates. Round your answer to three decimal places.
A) $614.225 billion 
B) $38.411 billion 
C) $35.132 billion 
D) $2.134 billion 
E) $133.803 billion

Quizplus · Accepted Answer

The Answer of The chief financial officer of a company reports that profits for the past fiscal year were $17.8 million. The officer predicts that profits for the next 8 years will grow at a continuous annual rate somewhere between  % and 8%. Estimate the cumulative difference in total profit over the 8 years based on the predicted range of growth rates. Round your answer to three decimal places.
A) $614.225 billion 
B) $38.411 billion 
C) $35.132 billion 
D) $2.134 billion 
E) $133.803 billion

The Chief Financial Officer of a Company Reports That Profits