Solved: Estimate total sales for the next two years, Microeconomics

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Estimate total sales for the next two years

Problem

Monthly sales figures for January are 5600. This is expected to fall for the following 9 months at a rate of 2% each month. Thereafter sales are predicted to rise at a constant rate of 4% each month. Estimate total sales for the next 2 years (including the first January).

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Estimate total sales for the next two years

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