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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?
Respuestas de entrevistas
7 respuestas
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20
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9.5%
ada en
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0
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how did you generate this formula?
John en
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how did you generate this formula?
John en
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Annual Growth Rate
Anónimo en
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Annual Growth Rate = ((240,000 / 200,000)^(1/2) - 1)*100
Anónimo en
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5
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How did you calculate this problem?can you please show me the steps
Julia en
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7
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(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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