(Choose 1 answer)
(20604) Growth rate: Petry Corp. is a growing company with sales of $1.25 million this year. The firm expects to grow at an annual rate of 25 percent for the next three years, followed by a growth of 20 percent per year for the next two years. What will be Petry's sales at the end of five years? (Round to the nearest percent.)
A. $2,160,000
B. $3,515,625
C. $1,875,000
D. $2,929,688
I
5
