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(Related to Checkpoint 5.2) (Future value) A new finance book sold 19,000 copies following the first year of its release, and was expected to increase
(Related to Checkpoint 5.2) (Future value) A new finance book sold 19,000 copies following the first year of its release, and was expected to increase by 24 percent per year. What sales are expected during years two, three, and four? Graph this sales trend and explain how compound growh affects the shape of the sales trend. a. If the 19,000 coples of book sales following the first year of its release were expected to increase by 24 percent per year, what are the expected sales of the new finance book during year two? copies (Round to the nearest whole number.)
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