Question
(Future value ) Sales of a new finance book were 12,000 copies this year and were expected to increase by 21 percent per year. What
(Future value ) Sales of a new finance book were 12,000 copies this year and were expected to increase by 21 percent per year. What are expected sales during each of the next 3 years?
a. If the 12,000 copies of book sales this year were expected to increase by 21 percent per year, what are the expected sales of the new finance book next year?
Answer: ______copies. (Round to the nearest unit.)
b. If the 12,000 copies of book sales this year were expected to increase by 21 percent per year, what are the expected sales of the new finance book in two years?
Answer: ____copies. (Round to the nearest unit.)
c. If the 12,000 copies of book sales this year were expected to increase by 21 percent per year, what are the expected sales of the new finance book in three years?
Answer: _____copies. (Round to the nearest unit.)
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