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Your finance textbook sold 46,500 copies in its first year. The publishing company expects the sales to grow at a rate of 17 percent each year for the next three years and by 10 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in years 3 and 4. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answers to the nearest whole number.) Number of copies sold in 3 years 81,682 Number of copies sold in 4 years 89,850

Your finance textbook sold 46,500 copies in its first year. The publishing company expects the sales to grow at a rate of 17 percent each year for the next three years and by 10 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in years 3 and 4. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answers to the nearest whole number.) Number of copies sold in 3 years 81,682 Number of copies sold in 4 years 89,850

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Your finance textbook sold 46,500 copies in its first year. The publishing company expects the sales to grow at a rate of 17 percent each year for the next three years and by 10 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in years 3 and 4. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answers to the nearest whole number.) Number of copies sold in 3 years 81,682 Number of copies sold in 4 years 89,850
Transcribed Image Text:Your finance textbook sold 46,500 copies in its first year. The publishing company expects the sales to grow at a rate of 17 percent each year for the next three years and by 10 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in years 3 and 4. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answers to the nearest whole number.) Number of copies sold in 3 years 81,682 Number of copies sold in 4 years 89,850
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