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Shamsir's small business has been growing slowly. He has noticed that his monthly profit increases by 1 percent every tw
Posted: Sun Jun 05, 2022 4:14 pm
by answerhappygod
- Shamsir S Small Business Has Been Growing Slowly He Has Noticed That His Monthly Profit Increases By 1 Percent Every Tw 1 (40.09 KiB) Viewed 47 times
Shamsir's small business has been growing slowly. He has noticed that his monthly profit increases by 1 percent every two months. Suppose that the profit at the end of this month is $14,000. What is the present value of all his profits over the next two years? Annual nominal interest is 18 percent, compounded monthly Shamsir's profits over the next two years will be $ (Round to the nearest dollar as needed.) Clear all Check answer