A small company is investing in XYZ bank with the amount of 1,480,000.00 as its principal amount. The company
plans to invest for 7 years with an interest rate of 1.2% per year.

a. How much would be the interest amount ?

The interest amount will be used to re-invest in a small shoe company that has sales net worth of 68,000.00 in 2020.

b. Did the company attain gain or loss? Why?

Upon investing, the sales net worth for 2021 turned to be 75,777.00.

c. Find the forecasted sale for the years 2022, 2023, and 2024.​

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