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    Exam 8: Compound Interest: Future Value and Present Value
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    A Current Study Shows That the Demand for Widgets Is
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A Current Study Shows That the Demand for Widgets Is

Question 270

Question 270

Short Answer

A current study shows that the demand for widgets is expected to decrease by 3% per year over the next seven years. If production is now 450,000 units, how many units does the company expect to produce in seven years?

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