Rent-A-Car, Inc., provides daily auto rental services - 94900

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Rent-A-Car, Inc., provides daily auto rental services to individuals while their own cars are being repaired. Annual sales revenue has grown rapidly from $2.5 million to $10 million during the past 5-year period. Calculate the five-year growth rate in sales using the constant growth model with annual compounding.
Solution Description

Using constant growth model with annual