Problem
1. Find the value, in 10 years' time, of $1000 invested at 8% interest compounded annually.
2. A firm estimates that its sales will rise by 3% each year and that it needs to sell at least 10 000 goods each year in order to make a profit. Given that its current annual sales are only 9000, how many years will it take before the firm breaks even?
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.