Problem
1. A firm starts producing a new product. It sells 420 units in January and then sales increase by 10% each month. What will total demand be in the last 6 months of the year?
2. What would be the maximum price you would pay for the following annuities if money can be invested elsewhere at 8%?
Annuity A pays £200 a year for the next 8 years
Annuity B pays £900 a year for the next 4 years
Annuity C pays £6,000 a year for the next 12 years
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.