Finance Problems



Finance Problems

Your finance text book sold 51,500 copies in its first year. The publishing company expects the sales to grow at a rate of 15.0 percent for the next three years, and by 9.0 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in year 3 and 4.

Number of copies sold after 3 years=1st year = 51500

2nd Year = 51500x1.15=59225. 3rd Year = 68108.75.

Number of copies sold in the fourth year=4th Year = 74239

2. Find the present value of $3,500 under each of the following rates and periods.

8.9 percent compounded ...