1. Sales of a new finance books were 10,000 copies this year.

They are expected to increase by 10 percent per year.

What are expected sales at the end of the 4^th year?

1. In 5 years, you are planning to buy a house in Casa Blanca, Morocco.

You are expecting the cost of the house will be $120,000 at the time of purchase.

Assuming you can earn 10 percent annually on your investments,

How much must you invest at the end of each of the next 10 years to be able to buy your dream home?