1. You have just introduced "must have" headphones for the iPod. Sales of the new product are expected to be 25,000 units this year and are expected to increase by 21 percent per year in the future. What are expected sales during each of the next three? years? Graph this sales trend and explain why the number of additional units sold increases every year.
2. If you deposit $1000 into an account that earns 5% per year, compounded annually, you will have $1,276 at the end of 5 years. What would be the balance in the account at the end of 5 years of interest compounded monthly? what is n= i= pv= fv= pmt= please explain.