The projected annual growth is 9% and the company worth in 2008 is 440.35 (million dollar).
The project worth of the large company is modeled by an equation [tex]w=221(1.09)^t[/tex]. Where t is a variable that represent number of years since 2008.
First, we will calculate the projected annual growth percentage, then we will calculate what would be the company worth in 2008.
In the questions, the projected annual growth percentage is given in modeled equation that is 9%.
1. The projected annual growth is
Annual percentage -1
=1.09-0.9
=0.09
Now converting the decimal to percentage i.e.
=0.09 x 100 = 9%
2. Now we will calaculate the projected worth of a company in 2008.
The given modeled equation is
[tex]w=221(1.09)^t[/tex]
where t represents number of years from 2000 to 2008 i.e. 8 years
So, solve the given equation
[tex]w= 221(1.09)^8[/tex]
= 221(1.99)
=440.35 (in million dollar)
Or 440.35 x 1,000,000 = $440,356,343.8135
Therefore the annual projected growth percentage is 9% while company worth in 2008 should be 440.35 (in million dollar)
You can learn more about Projected annual growth at https://brainly.com/question/10702926
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