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Question 1 a Addis company limited recorded GH1,000,000 this year. How much sales will the company record in 11 years if sales is expected to

Question 1 a

Addis company limited recorded GH1,000,000 this year. How much sales will the company record in 11 years if sales is expected to grow at 3% quarterly. *

Question 1 b

You have the option to buy an annuity that pays GH7,500 at the end of each year for 8 years. You are optimistic that you can earn 9% on your invstment. What is the most you should pay for this investment? *

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