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3. Suppose your company expects to increase unit sales of widgets by 15% per year for the next 5 years. If you currently sell 3

3. Suppose your company expects to increase unit sales of widgets by 15% per year for the next 5 years. If you currently sell 3 million widgets in one year, how many widgets do you expect to sell in 5 years?
4. Suppose you have $500 to invest and you believe that you can earn 8% per year over the next 15 years. How much would you have at the end of 15 years using compound interest?

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