5.17 Growth rate: Your f nance textbook sold 53,250 copies in its f rst year. The publishing companyexpects the sales to grow at a rate of 20 percent each year for the next three years and by 10 percentin the fourth year. Calculate the total number of copies that the publisher expects to sell in years 3 and 4. Draw a time line to show the sales level for each of the next four years.
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