ed business App. For smart mobile phones, the users who installed  the app. in 2014 were 142000 users, and they increase by 10% each succeeding year. a) Determine the number of users in the year 2019. b) If the company gains on average annual revenue of OMR 20 per user, what is the  total revenue gained until the end of

Intermediate Financial Management (MindTap Course List)
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter9: Corporate Valuation And Financial Planning
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Geometric progression

5\ A company launched business App. For smart mobile phones, the users who installed 
the app. in 2014 were 142000 users, and they increase by 10% each succeeding year.


a) Determine the number of users in the year 2019.


b) If the company gains on average annual revenue of OMR 20 per user, what is the 
total revenue gained until the end of the year 2020?

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