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GEICO

(Analytical test in excel) At the end of 2006 we had 800,000 Policies in Force (PIF). 75% of those policies were Preferred (in one of our preferred companies). What annualized growth rate would be needed to increase non-preferred PIF by 40,000 policies over two years?

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7 respuestas

20

9.5%

ada en

0

how did you generate this formula?

John en

0

how did you generate this formula?

John en

0

Annual Growth Rate

Anónimo en

0

Annual Growth Rate = ((240,000 / 200,000)^(1/2) - 1)*100

Anónimo en

5

How did you calculate this problem?can you please show me the steps

Julia en

7

(800,000*(1-75%)+40,000)=800,000*(1-75%)*((1+R)^2) Solve for R=9.5445115%

Tim Wang en

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