1. Your finance text book sold 55,000 copies in its first year. The publishing company expects the sales to grow at a rate of 20% for the next 3 years, and by 9% in the fourth year. Calculate the total number of copies that the publisher expects to sell in year 3 and 4. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answers to the nearest whole number.)

Number of copies sold after 3 years __________

Number of copies sold in the fourth year ___________

2. Find the present value of $2,800 under each of the following rates and periods.

A. 8.9% compounded monthly for 5 years

__________________

B. 6.6% compounded quarterly for 8 years

__________________

C. 4.3% compounded daily for 4 years

__________________

D. 5.7% compounded continuously for 3 years

__________________

3. Trigen Corp. management will invest cash flows of $267,115, $1,431,923, $268,051, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 6.09%, what is the future value of these investment cash flows six years from today? (Round answer to 2 decimal places, e.g. 15.25)

Future Value $_____________

Subject | Business |

Due By (Pacific Time) | 09/03/2013 12:00 am |

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