Your finance text book sold 54,000 copies in its first year. The publishing comp
ID: 2702264 • Letter: Y
Question
Your finance text book sold 54,000 copies in its first year. The publishing company expects the sales to grow at a rate of 21.0 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. (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 year 3?
Number of copies sold in year 4?
Explanation / Answer
Your finance text book sold 54,000 copies in its first year. The publishing company expects the sales to grow at a rate of 22.0 percent for the next three years, and by 5.0 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in year 3 and 4.
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