For the year ending December 31, 2017, sales for Company Y were $62.91 billion. Beginning January 1, 2018 Company Y plans to invest 8.5% of their sales and each year and they expect their sales to increase by 5% each year over the next three years. Company Y invests into an account earning an APR of 2.0% compounded continuously. Assume a continuous income stream How much money will be in the investment account on December 31, 2020? Round your answer to three decimal places. 17.305 x billion dollars How much money did Company Y invest in the account between January 1, 2018 and December 31, 20207 Round your answer to three decimal places. 16.856 x billion dollars How much interest did Company Y earn on this investment between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer 447 x billion dollars
For the year ending December 31, 2017, sales for Company Y were $62.91 billion. Beginning January 1, 2018 Company Y plans to invest 8.5% of their sales and each year and they expect their sales to increase by 5% each year over the next three years. Company Y invests into an account earning an APR of 2.0% compounded continuously. Assume a continuous income stream How much money will be in the investment account on December 31, 2020? Round your answer to three decimal places. 17.305 x billion dollars How much money did Company Y invest in the account between January 1, 2018 and December 31, 20207 Round your answer to three decimal places. 16.856 x billion dollars How much interest did Company Y earn on this investment between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer 447 x billion dollars
Chapter16: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 11P
Related questions
Question
Transcribed Image Text:For the year ending December 31, 2017, sales for Company Y were $62.91 billion. Beginning January 1, 2018 Company Y plans to invest 8.5% of their sales amount
each year and they expect their sales to increase by 5% each year over the next three years.
Company Y invests into an account earning an APR of 2.0% compounded continuously. Assume a continuous income stream
How much money will be in the investment account on December 31, 2020?
Round your answer to three decimal places.
17.306 x billion dollars
How much money did Company Y invest in the account between January 1, 2018 and December 31, 20207
Round your answer to three decimal places.
16.858
x billion dollars
How much interest did Company Y earn on this investment between January 1, 2018 and December 31, 2020?
Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer
447
x billion dollars
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