I need help with calculation

Nov 19th, 2014
RockCafe
Category:
Accounting
Price: $5 USD

Question description

 A company’s sales in 2012 were $100 million. If sales decline by 8% annually, what will they be 10 years later? Why?

The answer is $43.44 million but can you show me how you got it and why

Tutor Answer

(Top Tutor) Daniel C.
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School: UIUC
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