Your finance text book sold 51,000 copies in its first year. The publishing comp

Question

Your finance text book sold 51,000 copies in its first year. The publishing company expects the sales to grow at a rate of 19.0   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 after 3 years
Number of copies sold in the fourth year
Your finance text book sold 51,000 copies in its first year. The publishing company expects the sales to grow at a rate of 19.0 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.)

Explanation / Answer

3rd year: 51,000*1.19^3 = 85943

4th year: 85943*1.08 = 92818

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