1. Your finance text book sold 52,000 copies in its first year. The publishing company expects the sales to grow at a rate of 18.0 percent for the next three years, and by 8.0 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in year 3 and 4.
2. Find the present value of $4,900 under each of the following 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.