1) Your finance text book sold 56,500 copies in its first year. Publishing company be expecting sales to grow at the rate of 20.0 percent for next three years, and by 12.0 percent in fourth year. Compute total number of copies that publisher be expecting to sell in year 3 and 4. If you resolve this query with algebra round intermediate computations to 6 decimal places.
Number of copies sold after 3 years?
Number of copies sold in the fourth year?
2) Determine the present value of $4,000 under each of the given rates and periods.
a) 8.9 percent compounded monthly for five years.
b) 6.6 percent compounded quarterly for eight years.
c) 4.3 percent compounded daily for four years.
d) 5.7 percent compounded continuously for three years