The chief financial officer of a company reports that profits for the past fiscal year were $ million. The officer predicts that profits for the next 7 years will grow at a continuous annual rate somewhere between % and 6%. Estimate the cumulative difference in total profit over the 7 years based on the predicted range of growth rates. Round your answer to three decimal places.
A) $445.736 billion
B) $30.221 billion
C) $7.023 billion
D) $18.710 billion
E) $57.880 billion

Question

The chief financial officer of a company reports that profits for the past fiscal year were $  million. The officer predicts that profits for the next 7 years will grow at a continuous annual rate somewhere between  % and 6%. Estimate the cumulative difference in total profit over the 7 years based on the predicted range of growth rates. Round your answer to three decimal places.
A) $445.736 billion 
B) $30.221 billion 
C) $7.023 billion 
D) $18.710 billion 
E) $57.880 billion

Quizplus · Accepted Answer

The Answer of The chief financial officer of a company reports that profits for the past fiscal year were $  million. The officer predicts that profits for the next 7 years will grow at a continuous annual rate somewhere between  % and 6%. Estimate the cumulative difference in total profit over the 7 years based on the predicted range of growth rates. Round your answer to three decimal places.
A) $445.736 billion 
B) $30.221 billion 
C) $7.023 billion 
D) $18.710 billion 
E) $57.880 billion

The Chief Financial Officer of a Company Reports That Profits