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Compound Growth
[ 1 Answers ]
Need assistance with calculating this in Excel: In 2004 a pound of apples cost .99 cents while oranges cost $1.14 (assuming in 2004). 10 years earlier the price was .72 cents/lb. and oranges were .55 cents/pound. What was the annual compound rate of growth in the price of both fruits? If...
Compound Growth
[ 2 Answers ]
In 2004 a pound of apples cost $0.99, while oranges cost $1.14. Ten years earlier the price of apples was only $.72 a pound and that of oranges was $.55 a pound. What was the annual compound rate of growth in the price of the two fruits? If the same rates of growth persist in the future, what will... View more questions Search
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